8-K
filed January 27, 2023, 6:59 PM ET
ticker BAER
CIK 0001941536
M&A
confidence high
sentiment neutral
materiality 0.90
Bridger Aerospace Group Holdings, Inc. (BAER): M&A transaction — Bridger Aerospace completes business combination with Jack Creek Investment Corp, begins trading on Nasdaq
Bridger Aerospace Group Holdings, Inc.
- On January 24, 2023, Bridger Aerospace completed its merger with Jack Creek Investment Corp, resulting in 43,769,290 common shares outstanding.
- Holders of 34,245,643 JCIC Class A ordinary shares redeemed for approximately $347.8 million at ~$10.16 per share.
- Bridger issued 39,081,744 common shares and 315,789 Series A preferred shares to Legacy Bridger and Blocker equityholders.
- Company assumed 26,650,000 warrants exercisable at $11.50 per share, trading as BAERW on Nasdaq.
- Board expanded to nine directors; BTO Stockholders have nomination rights for up to two directors.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Sheehy was appointed as Director at Bridger Aerospace Group Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Additionally, effective upon the Closing, Debra Coleman, Dean Heller, Todd Hirsch, Wyman Howard, McAndrew Rudisill, Matthew Sheehy, and Timothy Sheehy were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Debra Coleman was appointed as Director at Bridger Aerospace Group Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Additionally, effective upon the Closing, Debra Coleman, Dean Heller, Todd Hirsch, Wyman Howard, McAndrew Rudisill, Matthew Sheehy, and Timothy Sheehy were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Wyman Howard was appointed as Director at Bridger Aerospace Group Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Additionally, effective upon the Closing, Debra Coleman, Dean Heller, Todd Hirsch, Wyman Howard, McAndrew Rudisill, Matthew Sheehy, and Timothy Sheehy were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dean Heller was appointed as Director at Bridger Aerospace Group Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Additionally, effective upon the Closing, Debra Coleman, Dean Heller, Todd Hirsch, Wyman Howard, McAndrew Rudisill, Matthew Sheehy, and Timothy Sheehy were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
McAndrew Rudisill was appointed as Director at Bridger Aerospace Group Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Additionally, effective upon the Closing, Debra Coleman, Dean Heller, Todd Hirsch, Wyman Howard, McAndrew Rudisill, Matthew Sheehy, and Timothy Sheehy were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Todd Hirsch was appointed as Director at Bridger Aerospace Group Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Additionally, effective upon the Closing, Debra Coleman, Dean Heller, Todd Hirsch, Wyman Howard, McAndrew Rudisill, Matthew Sheehy, and Timothy Sheehy were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Sheehy was appointed as Director at Bridger Aerospace Group Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Additionally, effective upon the Closing, Debra Coleman, Dean Heller, Todd Hirsch, Wyman Howard, McAndrew Rudisill, Matthew Sheehy, and Timothy Sheehy were appointed to the Board
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Bridger Aerospace Group Holdings, Inc. underwent a change of control involving Jack Creek Investment Corp. for approximately $347,800,000 (closed 2023-01-24).
- Action
- change of control
- Counterparty
- Jack Creek Investment Corp.
- Consideration
- approximately $347,800,000
- Closing
- 2023-01-24
Exact text from the filing
their right to have their shares redeemed for cash (the “ JCIC Shareholder Redemption ”) at a redemption price of approximately $10.16 per share, totaling approximately $347,800,000. Pursuant to the terms of the Merger Agreement, on the Closing Date: (a) Wildfire Merger Sub I merged with and into Blocker (the “ First Merger ”), with Blocker as the surviving
View on SEC.gov
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