Bigbear.ai Holdings Inc. (NYSE:BBAI), one of the Best Tech Stocks Under $10 to Buy, is beefing up its AI tech stack with the acquisition of tech assets from CargoSeer Ltd., an AI-powered cargo scanning and trade risk management company, for an undisclosed amount. The deal, announced on January 21, involves CargoSeer’s AI Shipment Inspection Platform, which supports non-intrusive cargo inspection and helps customs authorities identify high-risk shipments at ports of entry. This continues the M&A trend of Bigbear.ai Holdings Inc. (NYSE:BBAI), which closed a $250 million acquisition of Ask Sage, a defense-oriented generative AI platform, on December 31, 2025.
In a separate corporate development, Bigbear.ai Holdings Inc. (NYSE:BBAI) on January 14 concluded the conversion of $125 million in senior notes into shares of common stock, reducing its total note-related debt from $142 million to $17 million, which is also in the form of convertible notes due in December 2026.
Bigbear.ai Holdings Inc. (NYSE:BBAI) is a provider of AI solutions for defense, national security, and critical infrastructure, using machine learning at scale through its end-to-end data analytics platform.
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Disclosure: None. This article is originally published at Insider Monkey.