BigBear.ai (BBAI) stock in focus before the open as $125 million notes convert — and a dilution vote looms
BigBear.ai shares fell 1.3% to $6.17 premarket after announcing full conversion of $125 million in 2029 convertible notes into stock, reducing note-related debt to $17 million. Shareholders will vote Jan. 22 on doubling authorized shares to 1 billion, with proxy materials showing the company is close to securing needed votes.