NEW YORK, December 30, 2025, 02:41 ET — Market closed
- BigBear.ai shares last closed down about 1% as investors awaited a vote on increasing authorized share count.
- A special stockholder meeting is set for later Tuesday, focused on a proposal to double authorized common shares.
- Traders are watching for the vote outcome and any follow-on capital markets or M&A moves.
BigBear.ai Holdings, Inc. shares fell 1.0% in the last regular session on Monday as investors weighed a shareholder vote that would expand the AI firm’s ability to issue stock. The stock closed at $5.67 after trading between $5.59 and $5.86. ( StockAnalysis price history)
The company is set to reconvene a special meeting of stockholders at 3:00 p.m. ET on Tuesday, with the vote limited to a single proposal on its share authorization, a filing showed. Online voting platforms remained open until 11:59 p.m. ET on Monday, it said. ( SEC filing)
The proposal would raise the number of authorized shares — the legal ceiling written into a company’s charter — to 1 billion from 500 million. That change does not issue new stock by itself, but it can make future share sales and stock-based deals easier, which can dilute existing holders.
Chief Executive Officer Kevin McAleenan urged shareholders to back the measure in a letter posted on the company’s website. “This is not a proposal to immediately issue and sell the additional 500,000,000 shares,” he wrote. ( CEO letter)
The filing said approval would give BigBear.ai additional equity to pursue financing activities, grant retention awards, establish strategic relationships and pursue corporate opportunities. The company has also said it has limited remaining shares available for similar purposes.
BigBear.ai has pointed to deal-making as one use for equity. In November, it announced a definitive agreement to buy Ask Sage — a secure generative-AI platform built for defense and national security users — for a total of $250 million, subject to customary adjustments, and said the deal was expected to close late in the fourth quarter of 2025 or early in the first quarter of 2026. ( Company press release)
The vote lands at a sensitive moment for small-cap AI-linked stocks, where dilution concerns can quickly swing sentiment. BigBear.ai’s shares have drawn heavy retail interest at times this year, amplifying reactions to corporate actions and financing headlines.
BigBear.ai sells AI-powered decision intelligence to government and regulated customers, including defense and national security agencies, putting it in a lane that overlaps with larger analytics contractors. Investors often benchmark the space against better-known names such as Palantir Technologies, though BigBear.ai remains much smaller.
For equity holders, the near-term question is whether the measure clears the required threshold; approval would broaden the company’s flexibility, while rejection could prolong uncertainty if another adjournment is needed. Either outcome can feed volatility in a stock that has traded in wide ranges this month.
Traders are also watching for a post-meeting 8-K — an SEC filing used to disclose major corporate events — that details the vote outcome and any follow-on steps. A quicker read on how management plans to use any newly authorized shares could shape positioning into the new year.
Before the opening bell, attention will stay on any last-minute company communications around the meeting and the vote. U.S. markets reopen at 9:30 a.m. ET, with the shareholder meeting scheduled for later in the session.
