Bigbear AI SPAC Presentation Deck
Transaction Overview
OVERVIEW
BigBear.ai to become publicly traded company via
merger with GigCapital4, Inc.
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VALUATION
Valuation implies a pro forma Enterprise Value of
$1,565 million (5.6x 2022E revenue)
H
Existing stockholders of BigBear.ai, including AE
Industrial Partners, LP, will hold ~73% of the pro
forma equity of the Company at close
BIGBEAR. AI
USE OF PROCEEDS
Fueling commercial growth projects, sales and marketing
expansion, research and development to accelerate product
offerings, and inorganic growth through accretive M&A
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TRANSACTION FINANCING
Existing stockholders are expected to receive ~73% of
the pro forma equity
■ $359M cash held in trust
$200M convertible note
$326M of cash to balance sheet expected at closing (net
of transaction fees and expenses, repayment of
BigBear.ai indebtedness, and secondary proceeds)
M
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Dollar figures and percentages rounded for presentation.
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