Bridger Aerospace Announces Closing of $9.8 Million Registered Direct Offering
Summary
This injection of capital, as well as the earliest fleet deployment in Company history, is helping to position us for record growth in 2024.Bridger intends to use the net proceeds from the offering for working capital and other general corporate purposes.Stifel, Nicolaus & Company, Incorporated acted as the exclusive placement agent for the offering.This offering was made pursuant to an effective shelf registration statement on Form S-3 (File No. Copies of the prospectus may be obtained by sending a request to Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate Department, 1 South Street, 15th Floor, Baltimore, MD 21202, or by telephone at (855) 300-7136, or by email at syndprospectus@stifel.com, or at the SECs website at www.sec.gov.This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Bridger AerospaceBased in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nations largest aerial firefighting companies. These forward-looking statements include, but are not limited to, references with respect to (1) the anticipated use of net proceeds from the registered direct offering; (2) anticipated record growth in 2024; (3) anticipated expansion of Bridgers operations and increased deployment of Bridgers aircraft fleet, including references to Bridgers acquisition of and/or right to use the four Super Scoopers from the Spanish government, including the expected closing timings thereof, the anticipated benefits therefrom, and the ultimate structure of such acquisitions and/or right to use arrangements; (4) Bridgers business and growth plans and future financial performance; (5) current and future demand for aerial firefighting services, including the duration or severity of any domestic or international wildfire seasons; (6) the magnitude, timing, and benefits from any cost reduction actions; (7) Bridgers exploration of, need for, or completion of any future financings; (8) anticipated investments in additional aircraft, capital resources, and research and development and the effect of these investments; and (9) the successful completion and timing of, and the receipt of proceeds from, this offering and the Companys use of such proceeds. These statements are based on various assumptions and estimates, whether or not identified in this press release, and on the current expectations of Bridgers management and are not predictions of actual performance. In addition, forward looking statements reflect Bridgers expectations, plans or forecasts of future events and views as of the date of this press release.