BigBear New 52W High and Exceeds Half Its Float Following Pangiam Intermediate Holdings Acquisition

DENVER, Colo., Mar 01, 2024 ( (NYSE:BBAI) announced, this morning, that it completed its acquisition of Pangiam Intermediate Holdings, in a strategic move to accelerate and evolve’s mission to create clarity for the world’s most complex decisions in the national security, supply chain management, and digital identity markets.

24/7 Market News began covering when it was trading at $1.59 and several times during this most recent run to today’s new 52-week high of $4.17 is trading at $3.9705, up $0.6105 (+18.17%), on 27.2M shares, which represents over half of its reported 50 million share float.

BigBear’s 52-week range is $1.16 to $4.17 and today’s range is $3.14 to $4.17, while its average trading volume is 4,566,376.

The goal of the combined entity is to create one of the industry’s most comprehensive Vision AI portfolios, combining facial recognition, image-based anomaly detection and advanced biometrics with’s computer vision and predictive analytics capabilities.

“The decision to acquire Pangiam is rooted in a strategy to bolster our portfolio through both organic and inorganic tactics, accelerate our growth in adjacent market categories and customers, and deliver increased value to our stockholders. Today marks a milestone in’s journey,” said Mandy Long, CEO of

Kevin McAleenan, CEO of Pangiam, has been announced as President, and will play a critical role in leading the combined business. “Together, we expect that we will be able to deliver broader capabilities and more value than ever to our customers and partners. We believe the combined company is positioned to be a breakout leader, with both a proven track record of innovating in our target markets and cutting-edge products in development. We couldn’t be more excited about the future.”

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