Investigation announced for Investors in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) over possible Violations of Securities Laws

Bridger Aerospace Group Holdings, Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) concerning whether a series of statements by Bridger Aerospace Group Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Belgrade, MT based Bridger Aerospace Group Holdings, Inc. provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States.

Bridger Aerospace Group Holdings, Inc. reported that its annual Total Revenue rose from $46.38 million in 2022 to $66.7 million in 2023, and that its Net Loss increased from $42.12 million in 2022 to $77.35 million in 2023.

On July 1, 2024, Bridger disclosed in a filing with the U.S. Securities and Exchange Commission that "[i]n response to a comment letter from the staff of the [SEC], Company management has identified an error in the calculation of diluted EPS. The miscalculation affects the Company's previously issued audited consolidated financial statements as of and for the year ended December 31, 2023 and its previously issued unaudited interim condensed consolidated financial statements for each of the first three quarters in the year ended December 31, 2023 (collectively, the 'Affected Financials') resulting from a miscalculation of net income (loss) attributable to common stockholders - diluted (the 'numerator') used in the determination of net income (loss) per common stock - diluted ('diluted EPS') and a difference in the weighted average common stock outstanding - diluted (the 'denominator') used in the determination of the shares outstanding for diluted EPS for the three months ended March 31, 2023, the six months ended June 30, 2023, the three and nine months ended September 30, 2023, and for the year ended December 31, 2023. The error resulted in a misstatement of diluted EPS in each of the Affected Financials." Accordingly, Bridger stated that it "intends to restate the Affected Financials . . . as soon as practicable."

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) declined from $9.19 per share on September 21, 2023, $2.81 per share on July 24, 2024.

Those who purchased shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.