BigBear.ai Inc (NYSE:BBAI) shares are trading lower Thursday after the company filed for a mixed shelf offering.
What Happened: BigBear.ai filed an offering for the resale of up to 113.25 million shares by selling stockholders.
“The shares being registered for resale will constitute a considerable percentage of our public float. Certain of the shares being registered for resale were purchased by the corresponding selling stockholders for prices considerably below the current market price of our common stock,” the company said in a new regulatory filing.
BigBear.ai shares are up more than 350% since the start of the year.
BigBear.ai’s AI-powered decision intelligence solutions are leveraged in multiple core markets including global supply chains and logistics, autonomous systems and cyber.
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BBAI Price Action: BigBear.ai has a 52-week high of $13.51 and a 52-week low of 58 cents per share.
The stock was down 12.6% at $2.71 at the time of publication, according to Benzinga Pro.
Photo: Gerd Altmann from Pixabay.
