BigBear.ai (BBAI) stock rises as Jan. 16 note redemption nears and dilution vote looms
BigBear.ai shares rose 1.2% to $6.28 midday Monday as investors watched the Jan. 16 redemption deadline for its 2029 convertible notes. The company expects most noteholders to convert debt into stock, cutting about $125 million in liabilities. Shareholders will vote Jan. 22 on a proposal to double authorized common shares to 1 billion.