The Dilution Vote, Ask Sage Deal, and What Comes Next

BigBear.ai Holdings, Inc. (NYSE: BBAI) is ending 2025 the way many small-cap AI names do: loudly, dramatically, and with investors arguing about the same two ancient forces that rule the market—growth vs. dilution.

As of Dec. 18, 2025, BBAI stock is trading in a tight news-cycle where a shareholder vote on share authorization is colliding with a high-profile generative AI acquisition, while analysts keep publishing price targets that imply upside—if execution catches up. [1]


What’s happening with BigBear.ai stock on Dec. 18, 2025

The biggest near-term catalyst is not a product launch or an earnings beat—it’s a shareholder vote.

BigBear.ai has been urging shareholders to vote ahead of the internet voting deadline of 11:59 p.m. ET…

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