GigCapital4 Enters Into $75M Backstop Agreement With AE Industrial Partners Ahead of BigBear.ai Merger; Reggie Brothers Quoted
GigCapital4 has entered into a $75 million backstop agreement with AE Industrial Partners to support its pending business combination with BigBear.ai. Under the agreement, an affiliate of AE Industrial Partners will purchase up to 7.5 million shares of GigCapital4 stock at $10 per share, BigBear.ai and GigCapital4 said Tuesday. Additionally, BigBear.ai’s rollover equity has been adjusted to […] More