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21.01.26 - 22:21
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BigBear.ai Announces Acquisition of Assets of CargoSeer, an AI-Powered Inspection and Trade Risk Management Company (Business Wire)
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MCLEAN, Va.--(BUSINESS WIRE)--BigBear.ai (NYSE: BBAI), a leading provider of mission-ready artificial intelligence (AI) for national security, today announced that it has acquired certain technologies of CargoSeer, Ltd., a specialized AI software company delivering cargo scanning enhancement and trade risk management capabilities for customs enforcement missions worldwide, for an undisclosed amount.
CargoSeer's AI Shipment Inspection Platform supports enhanced Non-Intrusive Inspection (NII) for cargo, by combining automated image analysis, computer vision, and machine learning coupled with trade and cargo data. The technology helps customs authority operators rapidly identify high-risk shipments, detect threats, and improve inspection efficiency across ports of entry.
“The acquisition of certain technologies of CargoSeer aligns directly with BigBear.ai's strategy to deliver trusted technologies to customs agencies ensuring more efficient and secure movement of transported goods,” said Kevin McAleena...
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15.01.26 - 00:18
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BigBear.ai Announces Full Conversion of 6.00% Convertible Senior Secured Notes Due 2029, Significantly Strengthening Balance Sheet (Business Wire)
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MCLEAN, Va.--(BUSINESS WIRE)--BigBear.ai (NYSE: BBAI) (the “Company”), a leading provider of mission-ready artificial intelligence solutions for national security, today announced the conversion of all of its outstanding 6.00% Convertible Senior Secured Notes due 2029 (the “Notes”), further strengthening the Company's balance sheet and capital structure.
The $125 million principal amount of Notes outstanding as of January 2, 2026 has been converted into shares of the Company's common stock, and there are no Notes that remain outstanding. As a result, the Company has eliminated approximately $125 million of debt associated with the Notes without any material cash outlay.
As a result of the full conversion of the Notes, BigBear.ai has reduced its total note-related debt from approximately $142 million to approximately $17 million outstanding as of January 14, 2026, representing the remaining principal balance of the Company's convertible notes, which are due in December 2026.
About BigBear.ai
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