Business
GigCapital4 Announces Filing of Definitive Proxy Statement and Special Meeting Date in Connection with Proposed Business Combination With BigBear.ai
Special Meeting of GigCapital4, Inc. Stockholders Scheduled for December 3, 2021 to Approve Business Combination BigBear.ai to be Listed on the NYSE under
About this update from Gigcapital7 Corp.
[{"type":"text","content":"\nSpecial Meeting of GigCapital4, Inc. Stockholders Scheduled for December 3, 2021 to Approve Business Combination\n\nBigBear.ai to be Listed on the NYSE under \"BBAI\" and “BBAIW” Ticker Symbols\n\n COLUMBIA, Md. & PALO ALTO, Calif.--(BUSINESS WIRE)--\nGigCapital4, Inc. (“GigCapital4”; Nasdaq: GIGGU, GIG, GIGGW), a private-to-public equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), announced today that it has filed on November 5 its definitive proxy statement/prospectus with the U.S. Securities and Exchange Commission (\"SEC\") in connection with GigCapital4’s Special Meeting of Stockholders relating to the previously announced business combination (the “Business Combination”) with BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions.\n\nThe Special Meeting of GigCapital4's stockholders will be held at 1 p.m. Eastern Time/10 a.m. Pacific Time on December 3, 2021 in connection with the Business Combination. The proxy statement/prospectus is being mailed to the Company's stockholders of record as of the close of business on October 5, 2021 (the \"Record Date\").\n\nUpon closing of the transaction, the combined company will be named BigBear.ai, Inc. and its shares of common stock and warrants are expected to trade on the New York Stock Exchange under the symbols \"BBAI\" and “BBAIW,” respectively.\n\nBigBear.ai’s suite of AI-powered technology transforms complex, raw data into knowledge to optimize human decision making. Its end-to-end software and technology operationalizes artificial intelligence and machine learning (“AI/ML”) at scale, and integrates easily into public and private sector customers’ existing technology.\n\nDr. Raluca Dinu, Founding Managing Partner of GigCapital Global and CEO of GigCapital4, said, “BigBear.ai provides a unique platform of advanced AI and machine learning capabilities at a critical period of growth in the AI/ML market. With a strong financial position, deep network of relationships and talented management team, BigBear.ai is well positioned to capitalize on opportunities in the commercial and defense sectors. We look forward to continuing our collaboration with BigBear.ai on the path to completing the business combination.”\n\nDr. Reggie Brothers, Chief Executive Officer ...