Johnson Fistel, PLLP Probes Allegations for Long-Term Investors in Quantum Computing Inc. (QUBT), Quanex Building Products Corporation (NX), Treace Medical Concepts, Inc. (TMCI), and BigBear.ai Holdings, Inc. (BBAI)
Investigation of Corporate Governance: Johnson Fistel, PLLP is investigating potential breaches of fiduciary duties by officers and directors of Quantum Computing Inc., Quanex Building Products Corporation, Treace Medical Concepts, and BigBear.ai Holdings, focusing on corporate governance reforms.
Quantum Computing Inc. Allegations: A securities class action complaint against Quantum Computing alleges misleading statements regarding its technology capabilities, relationships with NASA, and undisclosed related party transactions, which could negatively impact the company's reputation and business.
Quanex Building Products Allegations: The complaint against Quanex claims that the company made false statements about its maintenance practices in Mexico, leading to significant degradation of equipment and potential financial repercussions.
Treace Medical and BigBear.ai Allegations: Treace Medical faces allegations of failing to disclose competitive impacts on its primary product, while BigBear.ai is accused of maintaining deficient accounting practices that led to inaccurate financial statements and potential restatements.
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BigBear.ai's Acquisition of Ask Sage Enhances Growth Prospects
- Acquisition Deal: BigBear.ai finalized its $250 million acquisition of Ask Sage on December 31, 2025, a leading AI provider for national security, which is expected to expand its AI solutions portfolio and enhance its reach in defense and highly regulated markets.
- Market Reaction: Following the acquisition announcement, BigBear.ai's stock has risen approximately 15%, indicating investor optimism about future growth opportunities, although its market cap remains at $2.6 billion, on the lower end of mid-cap stocks.
- Financial Challenges: Despite the potential for growth from the acquisition, BigBear.ai reported a cumulative net loss of $426.3 million over the last four quarters against revenues of only $144.2 million, highlighting significant profitability challenges ahead.
- Investor Caution: While the stock has performed well this year, it is still down about 30% from its 52-week high of $10.36, leading investors to adopt a cautious stance regarding the company's future prospects and valuation, suggesting a wait-and-see approach.

BigBear.ai Partners with Maqta Technologies for Customs Solutions
- Strategic Partnership Announced: BigBear.ai has partnered with Maqta Technologies, the digital arm of AD Ports Group, to develop advanced customs and border operations solutions, aiming to leverage AI to enhance global trade efficiency, despite the company's stock underperforming amid a broader tech sector decline.
- Acquisition Update: Earlier this month, BigBear.ai acquired the generative AI platform Ask Sage for $250 million and opened its first regional office in the World Trade Center Abu Dhabi, demonstrating its commitment to international market expansion.
- Current Technical Analysis: BBAI shares are trading at $5.59, 6.2% below the 20-day simple moving average, indicating a bearish short-term trend, while the stock has increased by 53.71% over the past year, suggesting potential weakness as it approaches 52-week lows.
- Analyst Rating Changes: While BBAI has an average price target of $5.13, Cantor Fitzgerald downgraded its rating to Neutral with a lowered target of $6.00, contrasting with HC Wainwright & Co.'s Buy rating maintaining a target of $8.00, reflecting mixed market sentiment.






