BigBear.ai Business Combination With GigCapital4 (PPE/SPAC)
December 7, 2021
BigBear.ai completed its previously announced business combination with SPAC GigCapital4, resulting in the combined company operating as BigBear.ai Holdings, Inc. on the NYSE under ticker symbols “BBAI” and “BBAI.WS.” The transaction values BigBear.ai at a $1.378 billion pro forma enterprise value and is positioned to expand AI/ML decision-support across defense, intelligence, and commercial markets.
- Buyers
- BigBear.ai, GigCapital4, Inc.
- Targets
- BigBear.ai, GigCapital4, Inc.
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Transaction Type
- Growth capital
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