Jack Creek Investment after twice delaying a shareholder vote this month on whether to combine with Bridger Aerospace Group, today filed a proxy in which it instead proposes an extension on the merger deadline until Feb. 27.
The vote on this extension proposal is scheduled for Jan. 24. The current deadline on the $869 million deal is Jan. 26.
A vote on the merger was pushed back twice, on Jan. 10 and Jan. 12. No reason was give for the postponements.
Founded in 2014 and led by CEO and former Navy SEAL Tim Sheehy, Bridger is focused on addressing the economic and environmental damage caused by wildfires. Through its fleet of aircraft, Bridger provides a federal agency and state government client base with a range of aerial firefighting solutions. Based in Bozeman, Montana, Bridger has the ability to operate in all 50 states. Read more.
Source: Jack Creek Investment Sidelines Bridger Vote to Propose 1-Month Extension, Instead