Bridger Aerospace Group Holdings announced the commencement of a proposed underwritten public offering by Bridger of $70M of shares of its common stock. Bridger intends to use the net proceeds of the offering to finance the cash purchase price for four additional Super Scooper aircraft from the Spanish government and for the previously announced acquisition of Bighorn Airways, and the remainder for general corporate purposes, including funding the upgrade costs for the acquired Super Scoopers and other working capital needs. Stifel, Nicolaus & Company is acting as the lead book-running manager for the offering and BTIG and Canaccord Genuity are also acting as joint book-runners for the offering.
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