GigCapital4 in an 8-K filing today said it has lowered the equity value of its merger agreement with BigBear.ai to $1.125 billion, down from $1.312 billion. The minimum cash requirement to seal is deal is $75 million, which the SPAC holds in a PIPE.
A stockholder vote is set for Dec. 3.
GigCapital4 raised $312 milion in a February IPO.
BigBear.ai is an AI machine learning, cloud-based big data analytics and cyber engineering solutions platform. Read more.
