Bridger Aerospace raises ~$9.8M in registered direct offering; insider participation at premium

Bridger Aerospace Group Holdings, Inc.

Gross proceeds of ~$9.8M from sale of 2.18M shares; 808,080 shares to insiders at $4.95, 1.38M at $4.25.
Insiders (directors/officers) buy at $4.95/share, a ~16% premium to the public offering price of $4.25.
Net proceeds to fund working capital and general corporate purposes; Stifel is sole placement agent.
Closing expected April 17, 2024; shares registered under effective shelf registration statement (File 333-276721).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bridger Aerospace Group Holdings, Inc. entered into Purchase Agreements with certain accredited investors valued at aggregate gross proceeds ... approximately $9.8 million (effective 2024-04-15).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Value: aggregate gross proceeds ... approximately $9.8 million
Effective: 2024-04-15

Exact text from the filing

On April 15, 2024, Bridger Aerospace Group Holdings, Inc. (the “Company”) entered into securities purchase agreements (each, a “Purchase Agreement” and, collectively, the “Purchase Agreements”) with certain accredited investors (the “Purchasers”), pursuant to which the Company agreed to sell and issue to the Purchasers, severally, an aggregate of 2,183,366 shares (the “Shares”) of common stock, $0.0001 par value per share, of the Company (the “Common Stock”), in a registered direct offering (the “Registered Offering”).

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284 material agreements filed in the last 30 days. Browse all material agreements →

Bridger Aerospace Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-002417

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