BigBear.ai stock slips premarket as BBAI nears note-conversion deadline and dilution test
BigBear.ai shares fell 3.3% to $6.09 in premarket trading Wednesday as noteholders faced a Jan. 14 deadline to convert 2029 notes into equity before a planned Jan. 16 redemption. The company expects to retire about $125 million in debt, issuing roughly 38 million new shares. Investors are watching a Jan. 22 shareholder vote on raising authorized shares. C3.ai and SoundHound also declined in early trading.