BigBear.ai (BBAI) stock slips premarket after closing $250 million Ask Sage deal
BigBear.ai shares dropped 1.7% to $5.40 premarket after closing a $250 million all-cash acquisition of Ask Sage. Shareholders will vote Jan. 22 on doubling authorized common shares to 1 billion. Ask Sage is expected to add $25 million in 2025 recurring revenue. BigBear.ai reported $456.6 million in cash as of Sept. 30 and a 20% year-on-year revenue decline in Q3.