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NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) — Jack Creek Investment Corporation (“Jack Creek”) (Nasdaq: JCIC ), an independent Cayman Islands company, announced earlier today that Jack Creek has held an extraordinary general meeting of the company. Stockholders (“EGM”), at which the stockholders approved the business combination (“Business Combination”) of Jack Creek with Bridger Aerospace Group Holdings, LLC (“Bridger Aerospace”). Jack Creek expects to close the business combination quickly.
Following shareholder approval of the business combination, Jack Creek has announced that Jack Creek’s Extraordinary General Meeting of Shareholders will be canceled in lieu of the Annual General Meeting. Jack Creek was previously scheduled to complete the business combination on January 24, 2023 at 4:00 p.m. ET. Jack Creek has announced its accompanying resolution for stockholder consideration of the proposals set forth in Jack Creek’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (“SEC”) on January 17, 2023.
About Jack Creek
Jack Creek is a special purpose acquisition company formed to effect a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Additional information about Jack Creek is available at https://www.jackcreekinvestmentcorp.com/ir-resources/investor-faqs.
About Bridger Aerospace
Based 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 areas affected by wildfires. Bridger Aerospace provides aerial 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 an offer to buy, or a recommendation to buy, any securities in any court, or any vote, consent or approval in any jurisdiction related to the business. No combination, nor any sale, grant or transfer of any securities or offer, solicitation or sale to any person shall be unlawful. This press release does not constitute advice or counsel regarding any securities. In the year No offer of securities shall be made except in a prospectus, as amended, or exempted therefrom, that meets the requirements of the Securities Act of 1933.
Forward-looking statements
Certain statements contained in this press release are not historical facts but are forward-looking statements, including the safe harbor provisions of the United States Securities Litigation Reform Act of 1995. believe, “may,” “will,” “estimate,” “will,” “estimate,” “think,” “expect,” “should,” “plan,” “project,” “forecast,” “forecast,” ” “seem”, “seek”, “future”, “outlook”, “target” and similar expressions that predict or indicate future events or trends or are not statements of historical matters, but the absence of such words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) references to anticipated business combinations and the expected timing of closing; (2) the sources and uses of the business combination’s cash; (iii) the expected capitalization and enterprise value after the completion of the business combination; (4) current and future potential business and customer relationships; and (5) expected investments in additional aircraft, capital resources, and research and development and the results of these investments. These statements are not identified in this press release and are based on various assumptions and are not the current expectations of Jack Creek and Bridger Aerospace management 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, endorsement, prediction or accurate statement of fact or possibility. Actual events and conditions are difficult or impossible to predict and may differ from estimates. Many actual events and circumstances are beyond Bridger Aerospace’s control. 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 failure of the parties to successfully or timely complete the business combination, including the failure to obtain any necessary shareholder or regulatory approvals, delays or unforeseen circumstances that could adversely affect the combined company or the expected benefits of the business; Combination not found; Failure to realize the expected benefits of a business combination; risks related to the uncertainty of the projected financial information relating to Bridger Aerospace; Bridger Aerospace’s ability to successfully and timely develop, sell and expand its technology and products and implement its growth strategy, including information technology and cyber security risks, including loss of necessary licenses, flight safety risks, loss of key customers and deterioration of relationships between Bridger Aerospace and its employees risks related to Bridger Aerospace’s operations and business, risks related to increased competitiveness; Risks related to disruptions to Bridger Aerospace’s plans, operations and infrastructure as a result of the announcement and summary of the business combination, the risk that Bridger Aerospace may be unable to protect or preserve its intellectual property; The combined company may face difficulties in expanding its growth and operations; the ability to compete with existing or new companies that could result in downward pressure on prices, reduced customer orders, reduced margins, inability to take advantage of new business opportunities and loss of market share; Impact of the COVID-19 pandemic; the ability to successfully select, execute or integrate future acquisitions, which may have a material adverse effect on operations and financial conditions; These things are explained in the sectionRisk factors“And”A special note regarding forward-looking statements424(b) Final Prospectus by Wildfire New PubCo, Inc. (“New PubCo”) (known as Bridger Aerospace Group Holdings, Inc.) filed with the SEC on December 20, 2022 and in those documents either Jack Creek or New PubCo has filed or will file with the SEC. If any of these risks materialize or our estimates prove incorrect, actual results could differ materially from those expressed in these forward-looking statements. The above risks and uncertainties are not all-inclusive, 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 are immaterial, which could cause future results to differ materially – see Statements. In addition, forward-looking statements reflect the expectations, plans or future events and views of Jack Creek and Bridger Aerospace as of the date of this press release. Jack Creek and Bridger Aerospace anticipate that subsequent events and developments will cause Jack Creek and Bridger Aerospace’s valuations to change. However, while Jack Creek and Bridger Aerospace may choose to revise these forward-looking statements in the future, Jack Creek and Bridger Aerospace disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Jack Creek’s and Bridger Aerospace’s assessments as of the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.
Important information
This press release is not a substitute for the Form S-4 that New Pubco or Jack Creek or New Pubco may file with the SEC on Form S-4, which has been declared effective by the SEC on December 16, 2022. In relation to business combinations. Investors and security holders are urged to read the documents filed with the SEC carefully and in their entirety as they contain important information. Investors and security holders may obtain free copies of other documents filed by Jack Creek and New Pubco with the SEC at https://www.sec.gov.
CONTACT: Investor Contacts Bridger Aerospace Investor Contact Alison Ziegler Darrow Associates 201-220-2678 aziegler@darrowir.com Jack Creek Investor Contact Lauren Ores KSH Capital 212-710-5073 lores@kshcapital.com
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