SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Bridger Aerospace Group Holdings, Inc.

NEW YORK, July 18, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Bridger Aerospace Group Holdings, Inc. (“Bridger” or the “Company”) (NASDAQ: BAER). Such investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Bridger and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

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At July 1, 2024Bridger announced 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), management has identified an error in the calculation of diluted earnings per share. The miscalculation affects the Company’s previously published audited consolidated financial statements as of and for the year ended December 31, 2023 and the previously published unaudited interim consolidated financial statements for each of the first three quarters of the fiscal year December 31, 2023 (collectively, the “Affected Financial Data”) resulting from a miscalculation of net income (loss) attributable to common stockholders – diluted (the “numerator”) used in determining net income (loss) per common share – diluted (“diluted earnings per share”) and a difference in the weighted average number of common shares outstanding – diluted (the “denominator”) used in determining the number of shares outstanding for diluted earnings per share for the three months ended March 31, 2023the six months ended June 30, 2023the three and nine months ended 30 September 2023and for the financial year December 31, 2023. The error resulted in an incorrect presentation of diluted earnings per share in each of the affected financials.” Accordingly, Bridger stated that it “intends to restate the affected financials as soon as possible.”

Following this news, Bridger’s share price fell $0.24 per share or 6.42% and closed at $3.50 per share on July 1, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of securities litigation victims. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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