Jack Creek Investment shareholders voted in favor of merging with Bridger Aerospace Group Holdings, prompting the SPAC to cancel today's extension vote on the deal. Jack Creek expects to close the business combination “promptly,” according to a press release.
At deal announcement last August, Bridger was expected to receive up to approximately $345 million in cash, less any redemptions. The company is expected to list on the Nasdaq under the ticker symbol BAER.
There is no minimum cash condition for closing the deal nor is pipe financing involved.
Redemptions, if any, were not disclosed. The SPAC had twice postposed a meeting to vote on a deadline extension, now rendered moot with the deal's approval.
Bridger Aerospace is an aerial firefighting operation with the ability to operate in all 50 states. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service. Read more.