NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against BigBear.ai Holdings, Inc. (NYSE: BBAI), OSI Systems, Inc. (NASDAQ: OSIS), and Bakkt Holdings, Inc. (NYSE: BKKT). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
BigBear.ai Holdings, Inc. (NYSE: BBAI)
On March 18, 2025, BigBear disclosed in a filing with the U.S. Securities and Exchange Commission that certain of BigBear's financial statements since fiscal year 2021 should no longer be relied upon and would be restated, for reasons related to the accounting treatment of the Company's convertible notes due in 2026.
On this news, BigBear's stock price fell $0.52 per share, or 14.9%, to close at $2.97 per share on March 18, 2025.
For more information on the BigBear investigation go to: https://bespc.com/cases/BBAI
OSI Systems, Inc. (NASDAQ: OSIS)
On March 13, 2025, Culper Research published a short report on OSI entitled "OSI Systems (OSIS): SEDENA Unwinds, DoJ Subpoenas Fly, Execs Wave Goodbye." The report alleges, among other things, that OSI's reported growth in Mexico revenues is "largely an illusion" and accuses OSI of "downplaying" U.S. Department of Justice investigations into the Company by making "deliberately vague and misleading disclosures." Following publication of the Culper Research report, OSI's stock price fell $6.35 per share, or 3.5%, to close at $175.31 per share on March 13, 2025.
For more information on the OSI investigation go to: https://bespc.com/cases/OSIS
Bakkt Holdings, Inc. (NYSE: BKKT)
On March 17, 2025, Bakkt revealed it had received notice that Bank of America, N.A. and Webull Pay LLC will not renew their commercial agreements with the Company. Additionally, Bakkt rescheduled its fourth quarter 2024 earnings release and announced that it would be delaying filing its annual 2024 financial report to "complete the presentation of its consolidated financial statements." Following this news, Bakkt stock dropped on unusually heavy trading volume.
For more information on the Bakkt investigation go to: https://bespc.com/cases/BKKT
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
