BigBear.ai stock today: BBAI eyes $125M debt cut as 38M shares come into view
BigBear.ai said Friday it will redeem all $125 million of its 6% convertible notes due 2029, cutting note-related debt to about $17 million. The company expects to issue roughly 38 million shares as noteholders convert before the Jan. 16 deadline. BBAI closed up 8.15% at $5.84, then slipped 0.51% after hours.