BigBear.ai stock slides in premarket after company delays key vote to double authorized shares (BBAI)
BigBear.ai shares fell 3.2% to $5.50 in premarket trading after the company postponed a shareholder vote on doubling its authorized common stock to Jan. 22. CEO Kevin McAleenan told investors the company is running low on authorized shares. The board is seeking more support for the proposal, which would raise the limit to 1 billion shares. The Ask Sage acquisition is expected to close late Q4 2025 or early Q1 2026.