Notice to Class Members: Under the Court‑approved Modification of the Plan of Allocation dated May 19, 2026, all Eligible Class Members are now required to submit a valid Proof of Claim Form in order to participate in the distribution. A copy of the Modification of the Plan of Allocation is available in the Court Documents section of the website.
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Revised Plan of Allocation of Settlement of Stockholder Class Action, which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.
Notice of Pendency of Class Action: Please be advised that your rights will be affected by the above-captioned stockholder class action (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a public stockholder of BigBear.ai Holdings, Inc. f/k/a GigCapital4, Inc. (“New BigBear” or the “Company”) at any time during the period between the close of business on October 5, 2021 and December 7, 2021 (the “Class Period”).
Notice of Settlement: Please also be advised that Plaintiff Stephen Bushansky (“Plaintiff”), individually and on behalf of the Class (defined in Paragraph 25 of the Notice); (ii) defendants Avi S. Katz, Raluca Dinu, Neil Miotto, Andrea Betti-Berutto, Dorothy D. Hayes, and Brad Weightman (collectively, the “Individual Defendants”) and GigAcquisitions4, LLC (together with the Individual Defendants, the “Defendants”); and (iii) non-party New BigBear (together with Plaintiff and Defendants, the “Parties,” and each a “Party”) have reached a settlement for $2,500,000 in cash (the “Settlement Amount”) as set forth in the Stipulation (the “Settlement”). The Settlement has been approved and will resolve all claims in the Action.
If you are a member of the Class, you are subject to the Settlement. The Class certified by the Court consists of:
All record and beneficial holders of Gig4 Common Stock, whether held as separate shares or as part of Public Units, who held such shares between the close of business on October 5, 2021 (the “Record Date”) and December 7, 2021 (the “Closing”) (the “Class Period”), and their successors in interest, but excluding (i) stockholders who redeemed 100% of their shares in connection with the Mergers; (ii) holders of Gig4 Common Stock who did not have the right to exercise redemption rights, including Oppenheimer & Co. Inc. and Nomura Securities International, Inc., and other holders of non-public shares; (iii) Highbridge Tactical Credit Master Fund. L.P., Highbridge SPAC Opportunity Fund, L.P., Glazer Capital, LLC, Meteora Capital, LLC, and Tenor Opportunity Master Fund Ltd., and their directors, officers, agents (including attorneys, accountants, consultants, investment advisors or bankers), members, employees, representatives, divisions, branches, subsidiaries, affiliates, and any other Person purporting to act on their behalf and any predecessor or successor company; (iv) (a) Defendants; (b) members of the immediate family of any Individual Defendant; (c) any person who was a manager or managing member of any Defendant during the Class Period and any members of their immediate family; (d) any parent, subsidiary, or affiliate of Defendants; (e) any entity in which any Defendant or any other excluded person or entity has, or had during the Class Period, a controlling interest; and (f) the legal representatives, agents, affiliates, heirs, estates, successors, or assigns of any such excluded persons or entities; and (v) (a) the Company; and (b) any person who was an officer or director of the Company during the Class Period and any members of their immediate family. For the avoidance of doubt, the Class does not include holders of Gig4 securities other than Common Stock, including warrants (which traded separately under the symbol “GIGGW”).
PLEASE READ THE NOTICE CAREFULLY AND IN ITS ENTIRETY: The Notice explains how Class Members will be affected by the Settlement.
PLEASE NOTE: The Class is a non-opt-out settlement class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.
If you have questions, you may call the GigAcquisitions4 Stockholder Litigation Help Line at 877-316-0168 or email info@bigbearstockholdersettlement.com
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TO RECEIVE A PAYMENT FROM THE SETTLEMENT, CLASS MEMBERS MUST SUBMIT A CLAIM FORM. |
If you are a member of the Class (defined in Paragraph 25 of the Notice), you may be eligible to receive a pro rata distribution from the Settlement proceeds. Eligible Class Members (defined in Paragraph 39 of the Notice) must submit a Claim Form in order to receive a distribution from the Settlement. If you are eligible to receive a distribution from the Settlement, it will be paid to you directly. Claim Forms must be postmarked on or before September 16, 2026. See Paragraphs 32-58 in the Notice for further discussion. |