Gigcapital4 Inc

NASDAQ:GIG  
9.74
+0.06 (+0.62%)
Exchange Changes, Equity Financing / Related, Initial Public Offerings

Bigbear.ai To Become Publicly Traded Company Via Merger With GigCapital4

Published: 06/04/2021 15:00 GMT
Gigcapital4 Inc (GIG) - Bigbear.
Ai to Become Publicly Traded Company Via Merger With Gigcapital4.
Gigcapital4 Inc - Transaction Values Bigbear.
Ai at a Pro Forma Enterprise Value of Approximately $1.57 Billion.
Gigcapital4 Inc - Transaction Expected to Deliver About $330 Million in Net Cash to Bigbear.
Ai Balance Sheet at Closing.
Gigcapital4 Inc - Combined Company Will Be Named Bigbear.
Ai, Inc., and is Expected to Be Listed on Nasdaq.
Gigcapital4 Inc - Bigbear.
Ai Stockholders Are Expected to Own About 73% of Combined Co, With Gigcapital4 Sponsors Expected to Own 6%.
Gigcapital4 Inc - Cash Component of Purchase Price to Be Paid to Equity Holders of Bigbear.
Ai is Expected to Be Funded by Gigcapital4's Cash in Trust.
Gigcapital4 Inc - Ae Industrial Partners Will Remain a Significant Stockholder in Bigbear.
Ai Following Completion of Proposed Merger.
Gigcapital4 Inc - Cash Component of Purchase Price to Also Be Funded by $200 Million Convertible Senior Unsecured Note Private Placement.