Bridger announces new public offering
The public offering aims to raise funds for Bridger’s takeover of Bighorn Airways and acquisition of four Spanish firefighting aircraft
Aerial firefighting firm Bridger Aerospace has announced the commencement of a proposed underwritten public offering. The offering will be comprised of $70 million in shares of its common stock, with a par value of $0.0001 per share.
The company plans to use the net proceeds of the offering to finance the cash purchase of four additional Super Scooper aircraft from the Spanish government, as well as its acquisition of Bighorn Airways, which was announced in July.
Any additional funds raised will be used for ‘general corporate purposes’, such as funding the upgrade costs of the new Super Scoopers.
Oliver Cuenca
Oliver Cuenca is a Junior Editor at AirMed&Rescue. He was previously a News and Features Journalist for the rail magazine IRJ until 2021, and studied MA Magazine Journalism at Cardiff University. His favourite helicopter is the AW169 – the workhorse of the UK air ambulance sector! He also led the creation of Waypoint: The AirMed&Rescue podcast, serving as its Production Editor and co-host.