GigCapital4 shareholderrs voted in favor of the merger with BigBear.ai, a provider of artificial intelligence, machine learning, cloud-based big data analytics, and cyber engineering solutions.
GigCapital4 last week lowered the deal value 14% to $1.13B. There was no mention of redemptions, if any, in the news release or subsequent 8-K filing. The mimimum cassh condition to close the deal was $75 million, which the SPAC already held in a PIPE.
The deal is expected to close tomorrow. BigBear.ai Holdings shares and warrants are expected to trade on the NYSE beginning Dec. 8 under BBAI and BBAI.WS.
