secwatch.observer — SEC 8-K summary
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Issuer:     Bridger Aerospace Group Holdings, Inc. (BAER)
CIK:        0001941536
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001193125-23-191891
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bridger Aerospace to acquire Bighorn Airways for $39.25M in cash and stock
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- Deal consideration: $39.25M total; $14.75M in unregistered Bridger common stock, balance in cash.
- Acquires Bighorn's 12-aircraft fleet used for wildfire smoke jumping and DoD special missions.
- Expected close by Sept 22, 2023, subject to customary conditions; extends to Dec 31 if cash unpaid.
- Bighorn projected FY2023 pro forma revenue of $22M and adjusted EBITDA of $5M; deal expected to be accretive.
- Sellers receive resale registration rights; shares subject to 3-year monthly vesting lockup.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941536/000119312523191891/0001193125-23-191891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941536/000119312523191891/d499664d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-191891

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