BigBear.ai stock today: BBAI eyes $125M debt cut as 38M shares come into view
NEW YORK, Jan 3, 2026, 18:09 ET — Market closed BigBear.ai Holdings said after the market close on Friday it will redeem all outstanding 6.00% convertible senior secured notes due 2029, a move it expects will eliminate about $125 million of debt and cut total note-related debt to about $17 million. It set Jan. 16 as the redemption date and said it expects to issue about 38 million shares as noteholders convert, with any notes not converted to be redeemed for cash at par plus accrued interest. BigBear.ai Holdings, Inc.