BigBear.ai, Inc. (BBAI.W) Warrant
Each BBAI.W warrant gives the holder the right to buy 1 share of BigBear.ai, Inc. at $11.50 per share, until December 7, 2026. The stock last closed at $2.65, below the strike, so the warrant is out of the money. BigBear.ai, Inc. has a market value of about $1.27B. There are 12.25M listed warrants; exercising all of them would add 2.6% to the 479.49M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
BBAI vs strike, last 12 months
No share-price history for BBAI yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2026-12-07
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.56
From the issuer's S-1/A (2022-05-19).
Company and stock
- Company
- BigBear.ai, Inc.
- Underlying stock
- BBAI
- Share price
- $2.65
- Market cap
- $1.27B
- Shares outstanding
- 479.49M
- Value of all listed warrants
- $735.15K (0.1% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-06-30). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0600
- Price / model
Get Pro to see whether BBAI.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 479.49M
- Listed warrants
- 12.25M
- Dilution if all exercised
- 2.6%
Warrant count from filing iXBRL: IPOPublicWarrantsMember.
Filings and events
Questions about BBAI.W
When does the BBAI.W warrant expire?
BBAI.W expires on December 7, 2026.
What is the strike price of BBAI.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can BigBear.ai, Inc. redeem the BBAI.W warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many BBAI.W warrants are outstanding?
12.25M listed warrants, equal to 2.6% dilution if all are exercised.