BigBear.ai and GigCapital4 Enter Into $75 Million Backstop Agreement With AE Industrial Partners to Support the Continued Growth of the Business

COLUMBIA, Md. & PALO ALTO, Calif.--(BUSINESS WIRE)--BigBear.ai (“the Company"), a leading provider of artificial intelligence, machine learning, cloud-based big data analytics, and cyber engineering solutions, and GigCapital4, Inc. (“GigCapital4”; Nasdaq: GIGGU, GIG, GIGGW), a Private-to-Public Equity (PPE)TM entity also known as special purpose acquisition company (“SPAC”), today announced that GigCapital4 has entered into a $75 million backstop agreement (7.5 million shares at $10 per share)