NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) — Jack Creek Investment Corp. (“Jack Creek”) (Nasdaq: JCIC), a Cayman Islands incorporated company, announced that earlier today Jack Creek held an extraordinary general meeting of its shareholders (“EGM”), at which its shareholders approved the business combination of Jack Creek (the “Business Combination”) with Bridger Aerospace Group Holdings, LLC (“Briger Aerospace”). Jack Creek expects to close the Business Combination immediately.
As a result of shareholder approval of the Business Combination, Jack Creek also announced its decision to cancel Jack Creek’s extraordinary general meeting of shareholders in lieu of an annual general meeting at which shareholders were expected to vote on a proposal to extend the date by which Jack Creek was required to complete a business combination, previously scheduled to take place on January 24, 2023 at 4:00 PM Eastern Time. Jack Creek also announced its respective decision to withdraw from stockholder consideration the proposals set forth in Jack Creek’s final proxy statement on Schedule 14A filed with the Securities and Exchange Commission (“SEC”) on January 17, 2023.
Around Jack Creek
Jack Creek is a special purpose acquisition company formed to effect a merger, stock exchange, asset purchase, stock purchase, reorganization or similar business combination of one or more businesses. More information about Jack Creek is available at https://www.jackcreekinvestmentcorp.com/ir-resources/investor-faqs.
About Bridger Aerospace
Headquartered in Bozeman, Montana, Bridger Aerospace is one of the nation’s largest privately held aerial firefighting companies. Bridger Aerospace is committed to using its team, aircraft and technology to save lives, property and habitats threatened by wildfires. Bridger Aerospace provides firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the country. More information about Bridger Aerospace is available at https://www.bridgeraerospace.com.
No offers or requests
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to buy, any securities in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in related to Business. Combination, nor will there be any sale, issue or transfer of any securities in any jurisdiction where or to any person to whom such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This press release does not constitute advice or a recommendation with respect to any securities. No offering of securities will be made except by means of a prospectus that meets the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
Certain statements contained in this press release are not historical facts, but are forward-looking statements, including for purposes of the safe harbor provisions under the United States Securities and Exchange Reform Act of 1995. Forward-looking statements are usually accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “will ”, “plan”, “project”, “anticipate”, “anticipate”, “potential”, “seem”, “seek”, “future”, “outlook”, “target” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of such words does not mean that a statement is not forward-looking. Such forward-looking statements include, but are not limited to, (1) references to expected benefits of the Business Combination and the estimated time of closing; (2) sources and uses cash assets of the Business Combination; (3) the anticipated capitalization and enterprise value of the combined company after completion of the Business Combination; (4) current and potential future business and customer relationships; and (5) anticipated investments in additional aircraft, capital resources and research and development and the effect of such investments. These statements are based on various assumptions, whether or not identified in this press release, and the current expectations of the management of Jack Creek and Bridger Aerospace and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and should not be relied upon by, any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many current events and circumstances are beyond the control of Bridger Aerospace. These forward-looking statements are subject to a number of risks and uncertainties, including: changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely complete the Business Combination, including the risk that any required shareholder or regulatory approvals are not obtained, are delayed or are subject to unforeseen conditions that could adversely affect the combined company or the benefits expected business Combination not received; failure to realize the expected benefits of the Business Combination; risks related to the uncertainty of projected financial information regarding Bridger Aerospace; Bridger Aerospace’s ability to successfully and timely develop, sell and expand its technology and products, and otherwise execute its growth strategy; risks related to Bridger Aerospace’s operations and business, including information technology and cyber security risks, loss of necessary licenses, flight safety risks, loss of key customers and deterioration of relations between Bridger Aerospace and its employees ; risks related to increased competition; risks related to the potential disruption of Bridger Aerospace’s current plans, operations and infrastructure as a result of the announcement and completion of the Business Combination; risk that Bridger Aerospace is unable to secure or protect its intellectual property; the risks that the combined company will experience difficulties in managing the growth and expansion of its operations; the ability to compete with existing or new companies which could cause downward pressure on prices, fewer customer orders, reduced margins, inability to take advantage of new business opportunities and loss of market share; the impact of the COVID-19 pandemic; the ability to successfully select, execute or integrate future acquisitions into the business, which could result in material adverse effects on operations and financial conditions; and those factors discussed in the sections entitled “Risk factors“and”Special Note Regarding Forward-Looking Statements” in the final 424(b) prospectus filed by Wildfire New PubCo, Inc. (“New PubCo”) (to be known as Bridger Aerospace Group Holdings, Inc.) with the SEC on December 20, 2022, and in those documents that Jack Creek or New PubCo has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The above risks and uncertainties are not exhaustive and there may be additional risks that neither Jack Creek nor Bridger Aerospace are currently aware of or that Jack Creek and Bridger Aerospace currently believe to be immaterial, which could also cause actual results to differ from those contained in cash – forward-looking statements In addition, forward-looking statements reflect Jack Creek’s and Bridger Aerospace’s expectations, plans or predictions about future events and views as of the date of this press release. Jack Creek and Bridger Aerospace anticipate that subsequent events and developments will cause the valuations of Jack Creek and Bridger Aerospace to change. However, while Jack Creek and Bridger Aerospace may choose to update these forward-looking statements at some point in the future, Jack Creek and Bridger Aerospace specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Jack Creek’s and Bridger Aerospace’s estimates as of any date after the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.
This press release is not a substitute for the registration statement on Form S-4 for New PubCo that was made effective by the SEC on December 16, 2022 or for any other document that Jack Creek or New PubCo has filed and may file with the SEC in connection with the Business Combination. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC CAREFULLY AND CAREFULLY, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain free copies of other documents filed with the SEC by Jack Creek and New PubCo through the website maintained by the SEC at https://www.sec.gov.
CONTACT: Investor Contacts Bridger Aerospace Investor Contact Alison Ziegler Darrow Associates 201-220-2678 email@example.com Jack Creek Investor Contact Lauren Ores KSH Capital 212-710-5073 firstname.lastname@example.org