Jack Creek Investment in a regulatory filing released an investor presentation highlighting its proposed merger with Bridger Aerospace Group Holdings. Shareholders are expected to vote on the deal Jan 10.
The proposed business combination is among the few in recent months that are progressing without delays or any apparent shareholder blowback.
Founded in 2014 and led by CEO and former Navy SEAL Tim Sheehy, Bridger is focused on addressing the economic and environmental damage caused by wildfires. Through its fleet of aircraft, Bridger provides a federal agency and state government client base with a range of aerial firefighting solutions. Bridger has the ability to operate in all 50 states.
If approved, Bridger is expected to receive up to approximately $345 million in cash, less any redemptions, according to the deal announcement in August. The combined company would list on the Nasdaq under the ticker symbol BAER.
There is no minimum cash condition for closing the deal nor is PIPE financing involved. Read more.
