BigBear.ai stock (BBAI) slips as shareholder vote nears on doubling authorized shares
BigBear.ai shares closed down 1% at $5.67 on Monday ahead of a shareholder vote to double authorized common shares to 1 billion. The special meeting is set for 3:00 p.m. ET Tuesday, with online voting closing late Monday. CEO Kevin McAleenan urged approval, saying the move would not immediately issue new stock. The company recently agreed to acquire Ask Sage for $250 million.