GigCapital4 (GIG) to Combine with BigBear.ai in $1.57Bn Deal

GigCapital4 (NASDAQ:GIG) has entered into a definitive agreement to combine with AI technology firm BigBear at an enterprise value of $1.57 billion, or 8.6x its 2021E revenue. Columbia, Maryland-based BigBear is an AI-powered data analytics and risk management firm primarily serving the US defense and intelligence services. The combined company is expected to trade on
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