# EDGAR Filing Document

**Accession Number:** 0001556678
**File Stem:** 0001556678-23-000002
**Filing Date:** 2023-2
**Character Count:** 123827
**Document Hash:** eb8bae0befc95c041bef5f3760e7e0cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001556678-23-000002.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001556678-23-000002

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**GROUP MEMBERS**: BC SUPER SCOOPER, LLC

**GROUP MEMBERS**: BEAR CREEK PRODUCTS 2018-1 (CNI), LLLP

**GROUP MEMBERS**: JOSEPH RODDY

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bear Creek Asset Management LLC
- **CENTRAL INDEX KEY:** 0001556678
- **IRS NUMBER:** 203739588
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93891
- **FILM NUMBER:** 23584136

**BUSINESS ADDRESS:**
- **STREET 1:** 1200 17TH STREET
- **STREET 2:** SUITE 970
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-459-7342

**MAIL ADDRESS:**
- **STREET 1:** 1200 17TH STREET
- **STREET 2:** SUITE 970
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bear Creek Asset Management LLC
- **CENTRAL INDEX KEY:** 0001556678
- **IRS NUMBER:** 203739588
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 1200 17TH STREET
- **STREET 2:** SUITE 970
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-459-7342

**MAIL ADDRESS:**
- **STREET 1:** 1200 17TH STREET
- **STREET 2:** SUITE 970
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

```

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934 (Amendment No. 	)*

Bridger Aerospace Group Holdings, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

96812F102
(CUSIP Number)

January 24, 2023

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
?	Rule 13d-1(b)
?X	Rule 13d-1(c)
?	Rule 13d-1(d)
The remainder of this cover page shall be filled out for a
reporting persons initial filing on this form with respect
to the subject class of securities,and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be filed for the purpose of
Section 18 of the Securities Exchange Act of 1934 (Act) or
otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of
the Act (however, see the Notes).

Persons who respond to the collection
of information contained in this form are
not required to respond unless the form
displays a currently valid OMB control number.

CUSIP No. 96812F102	Page 2 oI

1. Names of Reporting Persons.
Bear Creek Asset Management, LLC

2. Check the Appropriate Box if a Member of a Group
(a) ?X
(b) ?
3. SEC Use Only
4. Citizenship or Place of Organization
United States of America

Number of Shares Beneficially Owned by
Each Reporting Person With:
5. Sole Voting Power

6. Shared Voting Power
4,375,186 (1)(2)

7. Sole Dispositive Power

8. Shared Dispositive Power
4,375,186 (1)(2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,375,186 (1)(2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares	?
11. Percent of Class Represented by Amount in Row (9)
9.6% (1)(2)
12. Type of Reporting Person
IA

CUSIP No. 96812F102	Page 3 oI

1. Names of Reporting Persons.
Bear Creek Products 2018-1 (CNI), LLLP

2. Check the Appropriate Box if a Member of a Group
(a) ?X
(b) ?
3. SEC Use Only
4. Citizenship or Place of Organization
United States of America

Number of Shares Beneficially Owned by
Each Reporting Person With:
5. Sole Voting Power

6. Shared Voting Power
4,375,186 (1)(2)

7. Sole Dispositive Power

8. Shared Dispositive Power
4,375,186 (1)(2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,375,186 (1)(2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares	?
11. Percent of Class Represented by Amount in Row (9)
9.6% (1)(2)
12. Type of Reporting Person
PN

CUSIP No. 96812F102	Page 4 oI

1. Names of Reporting Persons.
BC Super Scooper, LLC

2. Check the Appropriate Box if a Member of a Group
(a) ?X
(b) ?
3. SEC Use Only
4. Citizenship or Place of Organization
United States of America

Number of Shares Beneficially Owned by
Each Reporting Person With:
5. Sole Voting Power

6. Shared Voting Power
4,375,186 (1)(2)

7. Sole Dispositive Power

8. Shared Dispositive Power
4,375,186 (1)(2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,375,186 (1)(2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares	?
11. Percent of Class Represented by Amount in Row (9)
9.6% (1)(2)
12. Type of Reporting Person
PN

CUSIP No. 96812F102	Page 5 oI

1. Names of Reporting Persons.
Joseph Roddy

2. Check the Appropriate Box if a Member of a Group
(a) ?X
(b) ?
3. SEC Use Only
4. Citizenship or Place of Organization
United States of America

Number of Shares Beneficially Owned by
Each Reporting Person With:
5. Sole Voting Power

6. Shared Voting Power
4,375,186 (1)(2)

7. Sole Dispositive Power

8. Shared Dispositive Power
4,375,186 (1)(2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,375,186 (1)(2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares	?
11. Percent of Class Represented by Amount in Row (9)
9.6% (1)(2)
12. Type of Reporting Person
IN

CUSIP No. 96812F102

13G

Page  oI

ITEM 1.
(a) Name of Issuer: Bridger Aerospace Group Holdings, Inc. (the "Issuer")
(b) Address of Issuer's Principal Executive Offices: 90 Aviation Lane
Belgrade, MT 59714
ITEM 2.
(a) Name of Person Filing: (i) Bear Creek Asset Management, LLC;
(ii) Bear Creek Products 2018-1 (CNI), LLLP; and
(iii) BC Super Scooper, LLC each own securities of the Issuer.
Bear Creek Asset Management, LLC serves as the investment adviser of
Bear Creek Products 2018-1 (CNI), LLLP and BC Super Scooper, LLC.
Joseph Roddy is the natural person with voting and dispositive
power over the securities of the Issuer through his management of Bear Creek.
(b) Address of Principal Business Office, or if None, Residence:
1200 17th Street, Suite 970
Denver, CO 80202
(c) Citizenship: United States of America

(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
96812F102
ITEM 3.	IF THIS STATEMENT IS FILED PURSUANT TO
SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK
WHETHER THE PERSON FILING IS A: Not applicable
(a) [_]	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b) [_]	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [_]	Insurance company as defined in
Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [_]	Investment company registered under Section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-
(e) [_]	An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
(f) [_]	An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F);
(g) [_]	A parent holding company or control person in accordance
with ss.240.13d-1(b)(1)(ii)(G);
(h) [_]	A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [_]	A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_]	Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

ITEM 4. OWNERSHIP.

Provide the following information regarding the aggregate number
 and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 4,375,186 (1)(2)

(b) Percent of class: 9.6% (1)(2)

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote

(ii) Shared power to vote or to direct the vote

4,375,186 (1)(2)

(iii) Sole power to dispose or to direct the disposition of

(iv) Shared power to dispose or to direct the disposition of

4,375,186 (1)(2)

INSTRUCTION. For computations regarding securities which represent
 a right to acquire an underlying security SEE ss.240.13d3(d)(1).

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

If this statement is being filed to report the
fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of
more than five percent of the class of securities,
check the following [ ].Not applicable

INSTRUCTION: Dissolution of a group requires a response to this item.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

If any other person is known to have the right
to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of,
such securities, a statement to that effect should
 be included in response to this item and, if such
 interest relates to more than five percent of the
class, such person should be identified. A listing
of the shareholders of an investment company registered
under the Investment Company Act of 1940 or the
beneficiaries of employee benefit plan, pension
fund or endowment fund is not required. Not applicable

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY.

If a parent holding company or Control person
has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G),
so indicate under Item 3(g) and attach an exhibit stating
the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company or control person
has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d),
attach an exhibit stating the identification of the relevant
subsidiary. Not applicable

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

If a group has filed this schedule pursuant
to ss.240.13d-1(b)(1)(ii)(J), so indicate under
Item 3(j) and attach an exhibit stating the identity
and Item 3 classification of each member of the group.
If a group has filed this schedule pursuant to ss.240.13d-1(c)
or ss.240.13d-1(d), attach an exhibit stating the identity of
each member of the group. Not applicable

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
further filings with respect to transactions in the security
reported on will be filed, if required, by members of the group,
in their individual capacity. See Item 5. Not applicable

ITEM 10. CERTIFICATIONS.

By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were not acquired and are not held for the
purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant
in any transaction having such purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement
is true, complete and correct.

_February 2, 2022

(Date)

_/s/ Joseph Roddy
(Signature)

_Joseph Roddy, Managing Director
(Name/Title)

The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement
is signed on behalf of a person by his authorized representative other
than an executive officer or general partner of the filing person, evidence
of the representative's authority to sign on behalf of such person shall be
filed with the statement, provided, however, that a power of attorney for
this purpose which is already on file with the Commission may be incorporated
by reference. The name and any title of each person who signs the
statement shall be typed or printed beneath his signature.

```

## Ex-1

```

EXHIBIT 1
200FZfvqTouDH0QM?
200FZfvqTouDH0QM?
VDI-W10-PF-0640
WILDFIRE NEW PUBCO, Donnelley Financial 22.12.6.0 ADG rudob0cm
27-Jan-2023 00:18 EST 364800 TX 124 12* RESALE S-1 START PAGE
NYB 27-Jan-2023 23:00 EST CURR PS PMT 1C
PRINCIPAL SECURITYHOLDERS
The following table and accompanying footnotes set forth information
with respect to the beneficial ownership of Common Stock,
as of January 24, 2023 after the completion of the Business Combination,
for (1) each person known by us to be the beneficial owner of more
than 5% of our outstanding shares of our Common Stock,
(2) each member of the Board,
(3) each of our named executive officers and
(4) all of the members of the Board
and our executive officers, as a group. Beneficial ownership is determined
according to the rules of the SEC, which generally provide that a person
has beneficial ownership of a security if he, she or it possesses sole or
shared voting or investment power over that security, including options
and warrants that are currently exercisable or exercisable within 60 days.
Shares of Common Stock issuable pursuant to options or warrants are deemed
to be outstanding for purposes of computing the beneficial ownership percentage
of the person or group holding such options or warrants but are not deemed
to be outstanding for purposes of computing the beneficial ownership percentage
of any other person. In addition, in calculating percentages of shares of our
Common Stock owned by any holder of Series A Preferred Stock, we have assumed
that particular holder has exercised its conversion rights at a
conversion price of $11.00 per share on February 24, 2023
and treated as outstanding the number
of shares of our Common Stock issuable to that particular holder upon conversion
of that particular holders shares of our Series A Preferred Stock, and we
did not assume the conversion or exercise of any other holders Series A
Preferred Stock in calculating the percentage ownership of any other holder
listed below.
As of January 24, 2023 after the completion of the Business Combination,
there were outstanding 43,769,290 shares of our Common Stock.
Unless otherwise noted in the footnotes to the following table,
and subject to applicable community property laws, the persons and
entities named in the table have sole voting and investment power
with respect to their beneficially owned shares of Common Stock.
Name and Address of Beneficial Owner

Directors and Named Executive Officers of Bridger
JeffreyE.Kelter(1) ............................
Debra Coleman ...............................
DeanHeller .................................
ToddHirsch .................................
WymanHoward ..............................
McAndrewRudisill(2) ..........................
RobertF.Savage(1) ............................
TimothySheehy(3) ............................
MatthewSheehy(4) ............................
JamesMuchmore(5) ...........................
All Directors and Executive Officers of Bridger
as a Group (12 individuals) ....................

Other 5% Shareholders
AvenueCapital(6) .............................
BaringsLLC(7) ...............................
Bear Creek(8) .................................
Blackstone(9) .................................
JCIC Sponsor LLC(10) ..........................
JPMorganChaseFundingInc.(11) ................
ThomasJermoluk(1) ...........................

* Denotes less than 1%.
Number %of of Shares of Outstanding Common Shares of Stock Common Stock
2,528,189 5.8% 194,436 * 194,436 *

5,105,115 11.7% 2,528,189 5.8% 10,030,955 22.9% 9,984,831 22.8% 1,873,090 4.3%
30,105,488 68.8%
3,042,151 6.5% 4,816,738 9.9%
4,375,186 9.6% 9,624,610 22%
2,528,189 5.8% 19,520,472 30.8% 2,528,189 5.8%

200FZfvqTou17#cMr
200FZfvqTou17#cMr
VDI-W10-PF-1063
WILDFIRE NEW PUBCO, Donnelley Financial 22.12.6.0
ADG kale50ap 27-Jan-2023 00:13 EST 364800 TX 125 9* RESALE S-1 None
NYB 27-Jan-2023 23:00 EST CURR PS PMT 1C
(1)
(2)
(3)
(4)
(5) (6)
(7) Unless otherwise noted, the business address of each of the
following individuals is c/o Bridger Aerospace Group Holdings, Inc.,
90 Aviation Lane, Belgrade, MT 59714. Represents shares of Common Stock
held by JCIC Sponsor and includes the Earnout Shares. JCIC Sponsor is
controlled indirectly by Messrs. Kelter, Savage and Jermoluk. The business
address of each of the individuals is c/o JCIC Sponsor LLC,
386 Park Avenue South, FL 20 New York, NY 10016.
Consists of 2,255,470 shares of Common Stock held by
Pelagic Capital Advisors LLC and 2,849,645 shares of
Common Stock held by PCAO LLC, each of which are managed
by Mr. Rudisill. Mr. Rudisill received RSUs with respect to
1,451,874 shares of Common Stock, 725,937 of which vested upon
the Closing but will settle after January 24, 2024.
Consists of 2,081,409 shares of Common Stock held by
Turtle Lake Holding Company, LLC, 6,045,985 shares of Common Stock
held by the Timothy P. Sheehy Revocable Trust, and 1,903,561 shares
of Common Stock held by ElementCompany, LLC.
Turtle Lake Holding Company, LLC is managed by Mr. Timothy Sheehy,
and Mr. Timothy Sheehy is the trustee of the Timothy P. Sheehy Revocable Trust.
ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy.
Mr. Timothy Sheehy received RSUs with respect to 1,742,182 shares of
Common Stock, 871,091 of which vested upon the Closing but will settle
after January 24, 2024. Consists of 7,385,943 shares of Common Stock
held by Red Cloud Holding Investments, LLC, 695,327 shares of Common Stock
held by the Matthew P. Sheehy Revocable Trust, and 1,903,561 shares of
Common Stock held by ElementCompany, LLC. Red Cloud Holding Investments, LLC
is managed by Mr. Matthew Sheehy, and Mr. Matthew Sheehy is the trustee of the
Matthew P. Sheehy Revocable Trust. ElementCompany, LLC is co-managed by
Mr. Matthew Sheehy and Mr. Timothy Sheehy. Mr. Matthew Sheehy received
RSUs with respect to 1,161,455 shares of Common Stock, 580,728 of which
vested upon the Closing but will settle after January 24, 2024. Consists of
shares of 1,873,090 Common Stock held by Black River Group LLC, which is
managed by Mr. Muchmore. Mr. Muchmore received RSUs with respect to 871,147
shares of Common Stock, 87,115 of which vested upon the Closing but will
settle after January 24, 2024. Consists of 31,578.947368 shares of
Series A Preferred Stock that are convertible at the election of the holder
into shares of Common Stock pursuant to the terms of such Series
A Preferred Stock. These shares are held by ASSF Holdings, L.P.,
which is 100% owned by Avenue
Sustainable Solutions Fund, L.P. (ASSF).
Avenue Capital Management II, L.P. (ACMII)
serves as the investment manager of ASSF. ACMII may be deemed to have or to
share voting and investment power with respect to the shares held by ASSF.
Avenue Capital Management II GenPar, LLC is the general partner of ACMII.
Marc Lasry is the managing member of Avenue Capital Management II GenPar, LLC.
Marc Lasry may be deemed to be the indirect beneficial owner of the securities
reported by ASSF by reason of his ability to direct the vote and/or
disposition of such securities, and his pecuniary interest in such shares
(within the meaning of Rule 16a-1(a)(2) under the Exchange Act) is a
fractional interest in such amount. The address for the foregoing person
is 11 West 42nd Street, 9th Floor, New York, New York 10036. Consists of
4,250.000000 shares of Series A Preferred Stock held by
Barings SS4 (LUX) LLC; 750.000000 shares of Series A Preferred Stock
held by Barings Global Special Situations Credit Fund 4 (Delaware), L.P.;
14,618.000000 shares of Series A Preferred Stock held by Barings BDC, Inc.;
7,309.000000 shares of Series A Preferred Stock held by
Barings Capital Investment Corporation; 17,725.000000 shares of
Series A Preferred Stock held by Barings Private Credit Corporation;
365.000000 shares of Series A Preferred Stock held by
Barings Corporate Investors; 183.000000 shares of
Series A Preferred Stock held by Barings Participation Investors;
and 4,800.000000 shares of Series A Preferred Stock
held by Martello Re Limited,
all of which are convertible at the election of the holder into shares of
Common Stock pursuant to the terms of such Series A Preferred Stock.
Barings LLC acts as the investment adviser to the entities and/or funds
included in the prior sentence, and therefore has the power to vote and
dispose of the aggregate of such shares of Series A Preferred Stock.
Barings LLC expressly disclaims beneficial ownership of any securities
reported herein except to the extent Barings LLC exercises voting or
dispositive power with respect to such securities. Barings LLC is a
registered investment adviser with its principal place of business
being 300 South Tryon, Suite 2500, Charlotte, NC 28202.

200FZfvqTofMQ$vMb
200FZfvqTofMQ$vMb
VDI-W10-PF-0093
WILDFIRE NEW PUBCO, Donnelley Financial 22.12.6.0 ADG
patis0in 26-Jan-2023 05:55 EST 364800 TX 126 8* RESALE S-1 None
NYB 27-Jan-2023 23:00 EST CURR PS PMT 1C
(8)
Consists of 21,052.631579 shares of Series A Preferred Stock
that are convertible at the election of the holder into
shares of Common Stock pursuant to the terms of such Series
A Preferred Stock held by BC Super Scooper LLC (Bear Creek LLC)
and 2,347,085 shares of Common Stock held by Bear Creek Products
2018-1 (CNI), LLLP (Bear Creek LLLP). BCGP-2016, LLC (Bear Creek GP)
is the manager and general partner of Bear Creek LLC and
Bear Creek LLLP, respectively. Joseph H. M. Roddy is the
manager of Bear Creek GP. Joseph H. M. Roddy may be deemed
to beneficially own the securities held directly or indirectly
by Bear Creek LLC, Bear Creek LLLP and Bear Creek GP. The address
for Bear Creek LLC, Bear Creek LLLP, Bear Creek GP, and
Joseph H. M. Roddy is 1200 17th Street, Suite 970, Denver, Colorado 80202.

(9)
Consists of 9,389,895 shares of Common Stock held by
BTO Grannus Holdings IV NQ LLC
(BTO Grannus IV), 162,194 shares of Common Stock held by
Blackstone Tactical Opportunities Fund FD L.P. (BTOF FD) and
75,521 shares of Common Stock held by Blackstone Family
Tactical Opportunities Investment Partnership III NQ ESC L.P.
(BFTOIP III).

BTO Grannus IV is managed by Grannus Holdings Manager  NQ L.L.C. and
Blackstone Tactical Opportunities Advisors L.L.C. is the investment adviser
to BTO Grannus IV. The managing member of Blackstone Tactical Opportunities
Advisors L.L.C. is Blackstone Intermediary Holdco L.L.C. The sole member of
Blackstone Intermediary Holdco L.L.C. is Blackstone Securities Partners L.P.
The general partner of Blackstone Securities Partners L.P.
is Blackstone Advisory
Services L.L.C. The sole member of Blackstone Advisory Services L.L.C.
is Blackstone Holdings I L.P.
The general partner of BFTOIP III is BTO  NQ Side-by-Side GP L.L.C.
The sole member of BTO-NQ Side-by-Side GP L.L.C. is Blackstone Holdings II L.P.
The general partner with management authority over BTOF FD with respect to
Common Stock held thereby is
Blackstone Tactical Opportunities Associates III  NQ L.P.
The general partner of Blackstone
Tactical Opportunities Associates III NQ L.P.
is BTO DE GP NQ L.L.C. The managing member of BTO DE GP  NQ L.L.C. is
Blackstone Holdings II L.P.
The general partner of Blackstone Holdings I L.P. and
Blackstone Holdings II L.P.
is Blackstone Holdings I/II GP L.L.C. The sole member of
Blackstone Holdings I/II GP L.L.C.
is Blackstone Inc. The sole holder of the Series II preferred stock of
Blackstone Inc. is
Blackstone Group Management L.L.C. Blackstone Group Management L.L.C.
is wholly-owned by Blackstones senior managing
directors and controlled by its founder,
Stephen A. Schwarzman.
Each of the Blackstone entities described in this footnote and Mr. Schwarzman
(other than to the extent it or he directly holds securities
as described herein)
may be deemed to beneficially own the securities directly
or indirectly controlled
by such Blackstone entities or him, but each disclaims beneficial
ownership of such securities.
The address of each of such Blackstone entities and
Mr. Schwarzman is c/o Blackstone Inc.,
345 Park Avenue, New York, New York 10154.
(10)
JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk.
JCIC Sponsors business address is
386 Park Avenue South, FL 20 New York, NY 10016.

(11)
Consists of 202,631.578948 shares of Series A Preferred Stock that are
convertible at the election of the holder into shares of Common Stock
pursuant to the terms of such Series A Preferred Stock. JPMorgan Chase
Funding Inc. is a wholly-owned subsidiary of publicly traded
JPMorgan Chase & Co., the board of directors and chief executive
officer of which are identified in JPMorgan Chase & Co.s filings
with the SEC. The address for JPMorgan Chase Funding Inc.
is 383 Madison Avenue, New York, NY 10179.

200FZfvqToe&e6ot
200FZfvqToe&e6ot
VDI-W10-PF-0395
WILDFIRE NEW PUBCO, Donnelley Financial 22.12.6.0 ADG
kumbh0ap 26-Jan-2023 05:29 EST 364800 TX 127 9*
RESALE S-1 START PAGE
NYB 27-Jan-2023 23:00 EST CURR PS PMT 1C
SELLING HOLDERS
This prospectus relates to the resale by the Selling Holders from
time to time of
(i) up to 116,506,289 shares of Common Stock (including 9,400,000
shares of Common Stock
that may be issued upon exercise of the Private Placement Warrants,
65,421,356 shares
of Common Stock that may be issued upon conversion of the Series A
Preferred Stock
and 41,684,933 shares of Common Stock held by certain Selling Holders)
and (ii) up
to an aggregate of 9,400,000 Private Placement Warrants.
The Selling Holders
may from time to time offer and sell any or all of the shares
of Common Stock,
shares of Common Stock issuable upon the conversion of Series
A Preferred Stock,
shares of Common Stock issuable upon the exercise of the Warrants
set forth below
pursuant to this prospectus, and Private Placement Warrants.
The table below is prepared based on information provided to us by the
Selling Holders.
It sets forth the name and address of the Selling Holders and other
information regarding the beneficial ownership of the shares of
Common Stock by each of the Selling Holders
and of the Private Placement Warrants by the applicable Selling Holders.
In the table below, the second column lists the number of shares of
Common Stock beneficially owned by each Selling Holder prior to the
offering; the third column lists the maximum number of shares of
Common Stock to be sold pursuant to this prospectus by the Selling Holders;
the fourth column lists the number of shares of Common Stock beneficially
owned after the sale of all of the shares offered by each Selling Holder
pursuant to this prospectus; the fifth column lists the number of
Private Placement Warrants beneficially owned by each Selling Holder
prior to the offering; the sixth column lists the maximum number of
Private Placement Warrants being offered by this prospectus by each
Selling Holder; the seventh column lists the number of Private
Placement Warrants beneficially owned after the sale of all of the
Private Placement Warrants offered by each Selling Holder pursuant
to this prospectus; and the eight column lists the percentage of
outstanding Common Stock beneficially owned after the offered
shares of Common Stock and Private Placement Warrants are sold
pursuant to this prospectus.
The table below has been prepared based on information
supplied to us by or on behalf of the Selling Holders, and
reflects holdings as of January 26, 2023. Beneficial ownership
is determined according to the rules of the SEC, which generally
provide that a person has beneficial ownership of a security if he,
she or it possesses sole or shared voting or investment power over
that security, including options and warrants that are currently
exercisable or exercisable within 60 days. Shares of Common Stock
issuable pursuant to options or warrants are deemed to be
outstanding for purposes of computing the beneficial ownership
percentage of the person or group holding such options or warrants
but are not deemed to be outstanding for purposes of computing
the beneficial ownership percentage of any other person.
As of January 26, 2023, there were outstanding 43,769,290 shares
of our Common Stock. We cannot advise you as to whether the Selling
Holders will in fact sell any or all of the securities set forth
in the table below. See the section of this prospectus entitled
Plan of Distribution. In addition, the Selling Holders may sell, transfer
or otherwise dispose of, at any time and from time to time, such
securities in transactions exempt from the registration requirements
of the Securities Act after the date of this prospectus. For purposes
of the below table, unless otherwise indicated below, we have assumed
that the Selling Holders will have sold all of the securities covered by this
prospectus upon the completion of the offering.
Unless otherwise indicated, the address of each Selling Holder
named in the table below is c/o Bridger Aerospace Group Holdings,
Inc., 90 Aviation Lane, Belgrade, MT 59714.

200FZfvqTou9b3cMB
200FZfvqTou9b3cMB
VDI-W10-PF-1072
WILDFIRE NEW PUBCO, Donnelley Financial 22.12.6.0 ADG tomar0ap
27-Jan-2023 00:17 EST 364800 TX 128 20* RESALE S-1 None
NYB 27-Jan-2023 23:00 EST CURR PS PMT 1C
Shares of Common Stock and Private Placement Warrants
Maximum Percentage of
Maximum Number of Outstanding
Number of Number of Private Number of Common Stock
Shares of Private Placement Private Beneficially
Number of Common Number of Placement Warrants Placement Owned After
Shares of Stock Shares of Warrants to be Sold Warrants the Offered
Common Stock to be Sold Common Stock Owned Pursuant Owned Shares of
Name of Selling Holder Owned Prior Pursuant to Owned After Prior to
this After Common Stock and Addresses to Offering this Prospectus
Offering Offering Prospectus Offering are Sold
Directors and Executive Officers
DebraColeman  194,436 194,436
EricGerratt ............
DeanHeller ............ 194,436 194,436
ToddHirsch ...........
WymanHoward ........
Jeffrey E. Kelter ........ 2,528,189 2,528,189  9,400,000 9,400,000
James Muchmore ....... 1,873,090 1,873,090
McAndrew Rudisill ..... 5,105,115 5,105,115
Robert F. Savage ....... 2,528,189 2,528,189  9,400,000 9,400,000
Matthew Sheehy ........ 9,984,831 9,984,831
Timothy Sheehy ........ 10,030,955 10,030,955
DarrenWilkins ......... 194,436 194,436
Other Selling Holders Avenue Capital ......... 3,042,151 6,542,136
BaringsLLC ........... 4,816,738 10,358,378
BearCreek ............ 4,375,186 6,708,509
Blackstone ............ 9,624,610 9,624,610
JP Morgan Chase Funding Inc. ................ 19,520,472 41,978,706
JCIC Sponsor LLC ...... 2,528,189 2,528,189  9,400,000 9,400,000
SamBeck ............. 287,263 287,263 TimCherwin ........... 359,078 359,078
JamesH.Clark .........
DaveCrisp ............ 28,726 28,726
LeeDingman .......... 71,815 71,815
HeatherHartnett ........ 25,000 25,000
Thomas Jermoluk ....... 2,528,189 2,528,189 9,400,000 9,400,000
SamirKaul ............ 25,000 25,000
KevinMcDonnel ....... 143,631 143,631
RichardNoll ........... 25,000 25,000
LaurenD.Ores ......... 0 0
JoelPiniero ............ 43,089 43,089
SteveTaylor ........... 359,078 359,078
MikeTragai ........... 143,631 143,631
* Less than 1%
(1)
The shares of Common Stock and Private Placement Warrants
are held by JCIC Sponsor and include the Earnout Shares.
JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk.

(2)
Consists of shares of Common Stock held by Black River
Group LLC, which is managed by Mr. Muchmore.

(3)
Consists of 2,255,470 shares of Common Stock held by
Pelagic Capital Advisors LLC and 2,849,645 shares of
Common Stock held by PCAO LLC, each of which are managed by Mr. Rudisill.

(4)
Consists of 7,385,953 shares of Common Stock held by
Red Cloud Holding Investments, LLC, 695,327 shares of
Common Stock held by the Matthew P. Sheehy Revocable Trust,
and 1,903,561 shares of Common Stock held by ElementCompany, LLC.
Red Cloud Holding Investments, LLC and the Matthew P. Sheehy Revocable Trust
are managed by Mr. Matthew Sheehy, and ElementCompany, LLC is co-managed by
Mr. Matthew Sheehy and Mr. Timothy Sheehy.

(5)
Consists of 2,081,409 shares of Common Stock held by
Turtle Lake Holding Company, LLC,
6,045,985 shares of Common Stock held by the
Timothy P. Sheehy Revocable Trust, and
1,903,561 shares of Common Stock held by ElementCompany, LLC.
Turtle Lake Holding Company, LLC and the Timothy

P. Sheehy Revocable Trust are managed by Mr. Timothy Sheehy, and
ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy.

(6)
Consists of 31,578.947368 shares of our Series A Preferred Stock that are
convertible at the election of the holder into shares of our Common Stock
pursuant to the terms of such Series A Preferred Stock. These shares are
held by ASSF Holdings, L.P., which is 100% owned by Avenue
Sustainable Solutions Fund, L.P. (ASSF).
Avenue Capital Management II, L.P. (ACMII) serves as the
investment manager of ASSF. ACMII may be deemed to
have or to share voting and investment power with respect to the
shares held by ASSF. Avenue

200FZfvqTouBcLPt4
200FZfvqTouBcLPt4
VDI-W10-PF-1022
WILDFIRE NEW PUBCO, Donnelley Financial 22.12.6.0
ADG aartk0an 27-Jan-2023 00:17 EST 364800 TX 129 13*
RESALE S-1 None
NYB 27-Jan-2023 23:00 EST CURR PS PMT 1C
(7)
(8)
(9)
Capital Management II GenPar, LLC is the general partner of ACMII.
Marc Lasry is the managing member of Avenue Capital Management II GenPar, LLC.
Marc Lasry may be deemed to be the indirect beneficial owner of the securities
reported by ASSF by reason of his ability to direct the vote and/or disposition
of such securities, and his pecuniary interest in such shares
(within the meaning of Rule 16a-1(a)(2) under the Exchange Act)
is a fractional interest in such amount.
Maximum Number of Shares of Common Stock to be Sold Pursuant to this
Prospectus includes 3,499,985 shares of Common Stock not currently
beneficially owned but that
may be issuable upon the conversion of shares of Series A Preferred Stock.
Each share of Series A Preferred Stock is convertible at the holders
election at a fixed conversion price of $11.00 per share of Common Stock
and accrues interest daily at a rate equal to (i) 7.00% per annum on
the Series A Preferred Stated Value (as defined in the Amended and
Restated Charter) of such share of Series A Preferred Stock for the
period from (and including) January 24, 2023 to (but excluding)
April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated
Value of such share of Series A Preferred Stock for the period from
(and including) April 25, 2028 to (but excluding) April 25, 2029, and
(iii) 11.00% per annum from and after April 25, 2029 until maturity on
April 25, 2032. Consists of 4,250 shares of our Series A Preferred Stock
held by Barings SS4 (LUX) LLC; 750 shares of our Series A Preferred Stock
held by Barings Global Special Situations Credit Fund 4 (Delaware), L.P.;
14,618 shares of our Series A Preferred Stock held by Barings BDC, Inc.;
7,309 shares of our Series A Preferred Stock held by Barings Capital
Investment Corporation; 17,725 shares of our Series A Preferred Stock held by
Barings Private Credit Corporation; 365 shares of our Series A
Preferred Stock held by Barings Corporate Investors;
183 shares of our Series A Preferred Stock held by Barings
Participation Investors; and 4,800 shares of our Series A Preferred Stock
held by Martello Re Limited, all of which are convertible at the election
of the holder into shares of our Common Stock pursuant to the terms of
such Series A Preferred Stock. Barings LLC acts as the investment
adviser to the entities and/or funds included in the prior sentence,
and therefore has the power to vote and dispose of the aggregate
of such shares of our Series A Preferred Stock. Barings LLC expressly
disclaims beneficial ownership of any securities reported
herein except to the extent Barings LLC exercises voting or
dispositive power with respect to such securities. Barings LLC
is a registered investment adviser. Maximum Number of Shares of
Common Stock to be Sold Pursuant to this Prospectus includes
5,541,640 shares of Common Stock not currently beneficially owned but that
may be issuable upon the conversion of shares of Series A Preferred
Stock. Each share of Series A Preferred Stock is convertible at the
holders election at a fixed conversion price of $11.00 per share
of Common Stock and accrues interest daily at a rate equal to
(i) 7.00% per annum on the Series A Preferred Stated Value
(as defined in the Amended and Restated Charter) of such share
of Series A Preferred Stock for the period from (and including)
January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00%
per annum on the Series A Preferred Stated Value of such share
of Series A Preferred Stock for the period from (and including) April 25, 2028
to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after
April 25, 2029 until maturity on April 25, 2032. Consists of 21,052.631579
shares of Series A Preferred Stock that are convertible at the election of
the holder into shares of Common Stock pursuant to the terms of such
Series A Preferred Stock held by BC Super Scooper LLC (Bear Creek LLC)
and 2,347,085 shares of Common Stock held by
Bear Creek Products 2018-1 (CNI), LLLP (Bear Creek LLLP).
BCGP-2016, LLC (Bear Creek GP) is the manager and general partner of
Bear Creek LLC and Bear Creek LLLP, respectively. Joseph H. M. Roddy
is the manager of Bear Creek GP. Joseph H. M. Roddy may be deemed
to beneficially own the securities held directly or indirectly by
Bear Creek LLC, Bear Creek LLLP and Bear Creek GP. The address for
Bear Creek LLC, Bear Creek LLLP, Bear Creek GP, and Joseph H. M. Roddy
is 1200 17th Street, Suite 970, Denver, Colorado 80202. Maximum Number
of Shares of Common Stock to be Sold Pursuant to this Prospectus includes
2,333,323 shares of Common Stock not currently beneficially owned but
that may be issuable upon the conversion of shares of Series A
Preferred Stock. Each share of Series A Preferred Stock is
convertible at the holders election at a fixed conversion price
of $11.00 per share of Common Stock and accrues interest daily at
a rate equal to (i) 7.00% per annum on the Series A Preferred Stated
Value (as defined in the Amended and Restated Charter) of such share
of Series A Preferred Stock for the period from (and including)
January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum
on the Series A Preferred Stated Value of such share of Series A
Preferred Stock for the period from (and including) April 25, 2028
to (but excluding) April 25, 2029, and (iii) 11.00% per annum from
and after April 25, 2029 until maturity on April 25, 2032.
Consists of 9,389,895 shares of Common Stock held by BTO Grannus
Holdings IV NQ LLC (BTO Grannus IV),162,194 shares of Common Stock
held by Blackstone Tactical Opportunities Fund FD L.P. (BTOF FD)
and 72,521 shares of Common Stock held by Blackstone Family
Tactical Opportunities
Investment Partnership III NQ  ESC L.P. (BFTOIP III).

200FZfvqTouBpivM:
200FZfvqTouBpivM:
VDI-W10-PF-1022
WILDFIRE NEW PUBCO, Donnelley Financial 22.12.6.0 ADG
aartk0an 27-Jan-2023 00:17 EST 364800 TX 130 15*
RESALE S-1 None
NYB 27-Jan-2023 23:00 EST CURR PS PMT 1C
BTO Grannus III is managed by Grannus Holdings Manager NQ L.L.C.
and Blackstone Tactical Opportunities Advisors L.L.C. is the investment
adviser to BTO Grannus IV. The managing member of Blackstone Tactical
Opportunities Advisors L.L.C.
is Blackstone Intermediary Holdco L.L.C. The sole member of Blackstone
Intermediary Holdco L.L.C. is Blackstone Securities Partners L.P. The general
partner of Blackstone Securities Partners L.P. is Blackstone Advisory
Services L.L.C. The sole member of Blackstone Advisory Services L.L.C.
is Blackstone Holdings I L.P.
The general partner of BFTOIP III is BTO  NQ Side-by-Side GP L.L.C.
The sole member of BTO NQ Side-by-Side GP L.L.C.
is Blackstone Holdings II L.P. The general partner with management authority
over BTOF FD with respect to our Common Stock held thereby is Blackstone
Tactical Opportunities Associates III  NQ L.P.
The general partner of Blackstone Tactical Opportunities
Associates III NQ L.P. is
BTO DE GP NQ L.L.C. The managing member of BTO DE GP NQ L.L.C.
is Blackstone Holdings II L.P.
The general partner of Blackstone Holdings I L.P. and
Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C.
The sole member of Blackstone Holdings I/II GP L.L.C.
is Blackstone Inc. The sole holder of the Series II preferred stock
of Blackstone Inc. is
Blackstone Group Management L.L.C. Blackstone Group Management L.L.C.
is wholly-owned by Blackstones senior managing directors and controlled
by its founder, Stephen A. Schwarzman. Each of the Blackstone entities
described in this footnote and Mr. Schwarzman (other than to
the extent it or he directly holds securities as described herein)
may be deemed to beneficially own the securities directly or
indirectly controlled by such Blackstone entities or him, but
each disclaims beneficial ownership of such securities.
(10)
Consists of 202,631.578948 shares of our Series A Preferred Stock
that are convertible at the election of the holder into shares of
our Common Stock pursuant to the terms of such Series A Preferred
Stock. JPMorgan Chase Funding Inc. is a wholly-owned subsidiary of
publicly traded JPMorgan Chase & Co., the board of directors and
chief executive officer of which are identified in
JPMorgan Chase & Co.s filings with the SEC. Maximum Number of
Shares of Common Stock to be Sold Pursuant to this Prospectus
includes 22,458,234 shares of Common Stock not currently beneficially
owned but that may be issuable upon the conversion of shares of
Series A Preferred Stock. Each share of Series A Preferred Stock
is convertible at the holders election at a fixed conversion
price of $11.00 per share of Common Stock and accrues interest
daily at a rate equal to (i) 7.00% per annum on the Series A Preferred
Stated Value (as defined in the Amended and Restated Charter) of
such share of Series A Preferred Stock for the period from (and including)
January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per
annum on the Series A Preferred Stated Value of such share of Series A
Preferred Stock for the period from (and including) April 25, 2028 to
(but excluding) April 25, 2029, and (iii) 11.00% per annum from and
after April 25, 2029 until maturity on April 25, 2032.

(11)
Represents shares of Common Stock and Private Placement Warrants held by
JCIC Sponsor, and includes the Earnout Shares. JCIC Sponsor is controlled
indirectly by Messrs. Kelter, Savage and Jermoluk. Pursuant to the Stockholders
Agreement, JCIC Sponsor is obligated to vote for certain nominees to the Board.
See the section of this prospectus entitled Certain Relationships and Related
Party Transactions Stockholders Agreement for additional information.

Material Relationships with the Selling Holders
For a description of our material relationships with the Selling Holders and
their affiliates see the sections of this prospectus entitled Management,
Certain Relationships and Related Party Transactions and Executive and
Director Compensation. In addition, the table below lists the Selling Holders
that held positions as directors and officers of Jack Creek prior to the
Business Combination.
Name  Age  Position
Thomas Jermoluk James H. Clark Lauren D. Ores  65 77 41  President,
Director Chief Technology OChief Financial Officer
Heather Hartnett  39  Director
Samir Kaul  48  Director
Richard Noll  64  Director

```

### Attached PDF Documents

**Attachment 1:** `bearcreekedgar.pdf`

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

# SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. _______)*

Bridger Aerospace Group Holdings, Inc.

(Name of Issuer)

Common Stock
(Title of Class of Securities)

96812F102

(CUSIP Number)

January 24, 2023

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)
☑ Rule 13d-1(c)
☐ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

13G

| CUSIP No. 96812F102 |  | Page 2 of 8 |
| --- | --- | --- |
| 1. Names of Reporting Persons. Bear Creek Asset Management, LLC |  |  |
| 2. Check the Appropriate Box if a Member of a Group (a) ☑ (b) ☐ |  |  |
| 3. SEC Use Only |  |  |
| 4. Citizenship or Place of Organization United States of America |  |  |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power |  |
|  | 6. Shared Voting Power 4,375,186 (1)(2) |  |
|  | 7. Sole Dispositive Power |  |
|  | 8. Shared Dispositive Power 4,375,186 (1)(2) |  |
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,375,186 (1)(2) |  |  |
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐ |  |  |
| 11. Percent of Class Represented by Amount in Row (9) 9.6% (1)(2) |  |  |
| 12. Type of Reporting Person IA |  |  |

(1) Represents securities owned by entities which Bear Creek Asset Management, LLC ("Bear Creek") serves as the investment adviser and has discretionary authority over acquisition and disposition of securities and is the sum of (i) 2,347,085 shares of Common Stock of the Issuer held by Bear Creek Products 2018-1 (CNI), LLLP, and (ii) 21,052.63 shares of Series A Preferred Stock of the Issuer held by BC Super Scooper, LLC which are convertible at the election of the holder into 2,028,101 shares of Common Stock of the Issuer. Joseph Roddy is the natural person with voting and dispositive power over the securities of the Issuer through his management of Bear Creek.

(2) Refer to Exhibit 1 for more information.

13G

| CUSIP No. 96812F102 |  | Page 3 of 8 |
| --- | --- | --- |
| 1. Names of Reporting Persons. Bear Creek Products 2018-1 (CNI), LLLP |  |  |
| 2. Check the Appropriate Box if a Member of a Group (a) ☑ (b) ☐ |  |  |
| 3. SEC Use Only |  |  |
| 4. Citizenship or Place of Organization United States of America |  |  |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power |  |
|  | 6. Shared Voting Power 4,375,186 (1)(2) |  |
|  | 7. Sole Dispositive Power |  |
|  | 8. Shared Dispositive Power 4,375,186 (1)(2) |  |
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,375,186 (1)(2) |  |  |
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐ |  |  |
| 11. Percent of Class Represented by Amount in Row (9) 9.6% (1)(2) |  |  |
| 12. Type of Reporting Person PN |  |  |

(1) Represents securities owned by entities which Bear Creek Asset Management, LLC ('Bear Creek') serves as the investment adviser and has discretionary authority over acquisition and disposition of securities and is the sum of (i) 2,347,085 shares of Common Stock of the Issuer held by Bear Creek Products 2018-1 (CNI), LLLP, and (ii) 21,052.63 shares of Series A Preferred Stock of the Issuer held by BC Super Scooper, LLC which are convertible at the election of the holder into 2,028,101 shares of Common Stock of the Issuer. Joseph Roddy is the natural person with voting and dispositive power over the securities of the Issuer through his management of Bear Creek.

(2) Refer to Exhibit 1 for more information.

13G

| CUSIP No. 96812F102 |  | Page 4 of 8 |
| --- | --- | --- |
| 1. Names of Reporting Persons. BC Super Scooper, LLC |  |  |
| 2. Check the Appropriate Box if a Member of a Group (a) ☑ (b) ☐ |  |  |
| 3. SEC Use Only |  |  |
| 4. Citizenship or Place of Organization United States of America |  |  |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power |  |
|  | 6. Shared Voting Power 4,375,186 (1)(2) |  |
|  | 7. Sole Dispositive Power |  |
|  | 8. Shared Dispositive Power 4,375,186 (1)(2) |  |
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,375,186 (1)(2) |  |  |
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐ |  |  |
| 11. Percent of Class Represented by Amount in Row (9) 9.6% (1)(2) |  |  |
| 12. Type of Reporting Person PN |  |  |

(1) Represents securities owned by entities which Bear Creek Asset Management, LLC ('Bear Creek') serves as the investment adviser and has discretionary authority over acquisition and disposition of securities and is the sum of (i) 2,347,085 shares of Common Stock of the Issuer held by Bear Creek Products 2018-1 (CNI), LLLP, and (ii) 21,052.63 shares of Series A Preferred Stock of the Issuer held by BC Super Scooper, LLC which are convertible at the election of the holder into 2,028,101 shares of Common Stock of the Issuer. Joseph Roddy is the natural person with voting and dispositive power over the securities of the Issuer through his management of Bear Creek.

(2) Refer to Exhibit 1 for more information.

13G

| CUSIP No. 96812F102 |  | Page 5 of 8 |
| --- | --- | --- |
| 1. Names of Reporting Persons. |  |  |
| Joseph Roddy |  |  |
| 2. Check the Appropriate Box if a Member of a Group |  |  |
| (a) ☑ |  |  |
| (b) ☐ |  |  |
| 3. SEC Use Only |  |  |
| 4. Citizenship or Place of Organization |  |  |
| United States of America |  |  |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power |  |
|  | 6. Shared Voting Power 4,375,186 (1)(2) |  |
|  | 7. Sole Dispositive Power |  |
|  | 8. Shared Dispositive Power 4,375,186 (1)(2) |  |
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person |  |  |
| 4,375,186 (1)(2) |  |  |
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐ |  |  |
| 11. Percent of Class Represented by Amount in Row (9) |  |  |
| 9.6% (1)(2) |  |  |
| 12. Type of Reporting Person |  |  |
| IN |  |  |

(1) Represents securities owned by entities which Bear Creek Asset Management, LLC ('Bear Creek') serves as the investment adviser and has discretionary authority over acquisition and disposition of securities and is the sum of (i) 2,347,085 shares of Common Stock of the Issuer held by Bear Creek Products 2018-1 (CNI), LLLP, and (ii) 21,052.63 shares of Series A Preferred Stock of the Issuer held by BC Super Scooper, LLC which are convertible at the election of the holder into 2,028,101 shares of Common Stock of the Issuer. Joseph Roddy is the natural person with voting and dispositive power over the securities of the Issuer through his management of Bear Creek.

(2) Refer to Exhibit 1 for more information.

Page 6 of 8

13G

CUSIP No. 96812F102

# ITEM 1.

(a) Name of Issuer: Bridger Aerospace Group Holdings, Inc. (the "Issuer")
(b) Address of Issuer's Principal Executive Offices: 90 Aviation Lane
Belgrade, MT 59714

# ITEM 2.

(a) Name of Person Filing: (i) Bear Creek Asset Management, LLC; (ii) Bear Creek Products 2018-1 (CNI), LLLP; and (iii) BC Super Scooper, LLC each own securities of the Issuer. Bear Creek Asset Management, LLC serves as the investment adviser of Bear Creek Products 2018-1 (CNI), LLLP and BC Super Scooper, LLC. Joseph Roddy is the natural person with voting and dispositive power over the securities of the Issuer through his management of Bear Creek.

(b) Address of Principal Business Office, or if None, Residence: 1200 17th Street, Suite 970
Denver, CO 80202
(c) Citizenship: United States of America

(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
96812F102

# ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not applicable

(a) ☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b) ☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) ☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-)
(e) ☐ An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
(f) ☐ An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F);
(g) ☐ A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G);
(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) ☐ Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

# ITEM 4. OWNERSHIP.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned: 4,375,186 (1)(2)
(b) Percent of class: 9.6% (1)(2)
(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote
(ii) Shared power to vote or to direct the vote 4,375,186 (1)(2)
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of 4,375,186 (1)(2)

INSTRUCTION. For computations regarding securities which represent a right to acquire an underlying security SEE ss.240.13d3(d)(1).

(1) Represents securities owned by entities which Bear Creek Asset Management, LLC ("Bear Creek") serves as the investment adviser and has discretionary authority over acquisition and disposition of securities and is the sum of (i) 2,347,085 shares of Common Stock of the Issuer held by Bear Creek Products 2018-1 (CNI), LLLP, and (ii) 21,052.63 shares of Series A Preferred Stock of the Issuer held by BC Super Scooper, LLC which are convertible at the election of the holder into 2,028,101 shares of Common Stock of the Issuer. Joseph Roddy is the natural person with voting and dispositive power over the securities of the Issuer through his management of Bear Creek.
(2) Refer to Exhibit 1 for more information.

Page 7 of 8

# **ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Not applicable

INSTRUCTION: Dissolution of a group requires a response to this item.

# **ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.**

If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not applicable

# **ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.**

If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not applicable

# **ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.**

If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not applicable

# **ITEM 9. NOTICE OF DISSOLUTION OF GROUP.**

Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not applicable

Page 8 of 8

# **ITEM 10. CERTIFICATIONS.**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

# **SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 2, 2022

(Date)

/s/ Joseph Roddy

(Signature)

Joseph Roddy, Managing Director

(Name/Title)

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

EXHIBIT 1

![img-0.jpeg](img-0.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | 123-3010-PF-0640 22.12.18 | ADG rudob0cm | 27-Jan-2023 00:18 EST | 364800 TX 124 | 12' |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | START PAGE |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

## PRINCIPAL SECURITYHOLDERS

The following table and accompanying footnotes set forth information with respect to the beneficial ownership of Common Stock, as of January 24, 2023 after the completion of the Business Combination, for (1) each person known by us to be the beneficial owner of more than 5% of our outstanding shares of our Common Stock, (2) each member of the Board, (3) each of our named executive officers and (4) all of the members of the Board and our executive officers, as a group.

Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable within 60 days. Shares of Common Stock issuable pursuant to options or warrants are deemed to be outstanding for purposes of computing the beneficial ownership percentage of the person or group holding such options or warrants but are not deemed to be outstanding for purposes of computing the beneficial ownership percentage of any other person. In addition, in calculating percentages of shares of our Common Stock owned by any holder of Series A Preferred Stock, we have assumed that particular holder has exercised its conversion rights at a conversion price of $11.00 per share on February 24, 2023 and treated as outstanding the number of shares of our Common Stock issuable to that particular holder upon conversion of that particular holder's shares of our Series A Preferred Stock, and we did not assume the conversion or exercise of any other holder's Series A Preferred Stock in calculating the percentage ownership of any other holder listed below.

As of January 24, 2023 after the completion of the Business Combination, there were outstanding 43,769,290 shares of our Common Stock.

Unless otherwise noted in the footnotes to the following table, and subject to applicable community property laws, the persons and entities named in the table have sole voting and investment power with respect to their beneficially owned shares of Common Stock.

| Name and Address of Beneficial Owner† | Number of Shares of Common Stock | % of Outstanding Shares of Common Stock |
| --- | --- | --- |
| Directors and Named Executive Officers of Bridger |  |  |
| Jeffrey E. Kelter (1) | 2,528,189 | 5.8% |
| Debra Coleman | 194,436 | * |
| Dean Heller | 194,436 | * |
| Todd Hirsch | - | - |
| Wyman Howard | - | - |
| McAndrew Rudisill (2) | 5,105,115 | 11.7% |
| Robert F. Savage (1) | 2,528,189 | 5.8% |
| Timothy Sheehy (3) | 10,030,955 | 22.9% |
| Matthew Sheehy (4) | 9,984,831 | 22.8% |
| James Muchmore (5) | 1,873,090 | 4.3% |
| All Directors and Executive Officers of Bridger as a Group (12 individuals) | 30,105,488 | 68.8% |
| Other 5% Shareholders |  |  |
| Avenue Capital (6) | 3,042,151 | 6.5% |
| Barings LLC (7) | 4,816,738 | 9.9% |
| Bear Creek (8) | 4,375,186 | 9.6% |
| Blackstone (9) | 9,624,610 | 22% |
| JCIC Sponsor LLC (10) | 2,528,189 | 5.8% |
| JP Morgan Chase Funding Inc. (11) | 19,520,472 | 30.8% |
| Thomas Jermoluk (1) | 2,528,189 | 5.8% |

\* Denotes less than 1%.

124

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| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-1003 22.12.8.0 | ADG kale50ap | 27-Jan-2023 00:13 EST | 364800 TX 125 | 9* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

† Unless otherwise noted, the business address of each of the following individuals is c/o Bridger Aerospace Group Holdings, Inc., 90 Aviation Lane, Belgrade, MT 59714.
(1) Represents shares of Common Stock held by JCIC Sponsor and includes the Earnout Shares. JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk. The business address of each of the individuals is c/o JCIC Sponsor LLC, 386 Park Avenue South, FL 20 New York, NY 10016.
(2) Consists of 2,255,470 shares of Common Stock held by Pelagic Capital Advisors LLC and 2,849,645 shares of Common Stock held by PCAO LLC, each of which are managed by Mr. Rudisill. Mr. Rudisill received RSUs with respect to 1,451,874 shares of Common Stock, 725,937 of which vested upon the Closing but will settle after January 24, 2024.
(3) Consists of 2,081,409 shares of Common Stock held by Turtle Lake Holding Company, LLC, 6,045,985 shares of Common Stock held by the Timothy P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Turtle Lake Holding Company, LLC is managed by Mr. Timothy Sheehy, and Mr. Timothy Sheehy is the trustee of the Timothy P. Sheehy Revocable Trust. ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy. Mr. Timothy Sheehy received RSUs with respect to 1,742,182 shares of Common Stock, 871,091 of which vested upon the Closing but will settle after January 24, 2024.
(4) Consists of 7,385,943 shares of Common Stock held by Red Cloud Holding Investments, LLC, 695,327 shares of Common Stock held by the Matthew P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Red Cloud Holding Investments, LLC is managed by Mr. Matthew Sheehy, and Mr. Matthew Sheehy is the trustee of the Matthew P. Sheehy Revocable Trust. ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy. Mr. Matthew Sheehy received RSUs with respect to 1,161,455 shares of Common Stock, 580,728 of which vested upon the Closing but will settle after January 24, 2024.
(5) Consists of shares of 1,873,090 Common Stock held by Black River Group LLC, which is managed by Mr. Muchmore. Mr. Muchmore received RSUs with respect to 871,147 shares of Common Stock, 87,115 of which vested upon the Closing but will settle after January 24, 2024.
(6) Consists of 31,578,947368 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock. These shares are held by ASSF Holdings, L.P., which is 100% owned by Avenue Sustainable Solutions Fund, L.P. ("ASSF"). Avenue Capital Management II, L.P. ("ACMII") serves as the investment manager of ASSF. ACMII may be deemed to have or to share voting and investment power with respect to the shares held by ASSF. Avenue Capital Management II GenPar, LLC is the general partner of ACMII. Marc Lasry is the managing member of Avenue Capital Management II GenPar, LLC. Marc Lasry may be deemed to be the indirect beneficial owner of the securities reported by ASSF by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Exchange Act) is a fractional interest in such amount. The address for the foregoing person is 11 West 42nd Street, 9th Floor, New York, New York 10036.
(7) Consists of 4,250,000000 shares of Series A Preferred Stock held by Barings SS4 (LUX) LLC; 750,000000 shares of Series A Preferred Stock held by Barings Global Special Situations Credit Fund 4 (Delaware), L.P.; 14,618,000000 shares of Series A Preferred Stock held by Barings BDC, Inc.; 7,309,000000 shares of Series A Preferred Stock held by Barings Capital Investment Corporation; 17,725,000000 shares of Series A Preferred Stock held by Barings Private Credit Corporation; 365,000000 shares of Series A Preferred Stock held by Barings Corporate Investors; 183,000000 shares of Series A Preferred Stock held by Barings Participation Investors; and 4,800,000000 shares of Series A Preferred Stock held by Martello Re Limited, all of which are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock. Barings LLC acts as the investment adviser to the entities and/or funds included in the prior sentence, and therefore has the power to vote and dispose of the aggregate of such shares of Series A Preferred Stock. Barings LLC expressly disclaims beneficial ownership of any securities reported herein except to the extent Barings LLC exercises voting or dispositive power with respect to such securities. Barings LLC is a registered investment adviser with its principal place of business being 300 South Tryon, Suite 2500, Charlotte, NC 28202.

125

![img-0.jpeg](img-0.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-0003 22.12.8.0 | ADG patis0in | 26-Jan-2023 05:55 EST | 364800 TX 126 | 8* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

(8) Consists of 21,052,631579 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock held by BC Super Scooper LLC ("Bear Creek LLC") and 2,347,085 shares of Common Stock held by Bear Creek Products 2018-1 (CNI), LLLP ("Bear Creek LLLP"). BCGP-2016, LLC ("Bear Creek GP") is the manager and general partner of Bear Creek LLC and Bear Creek LLLP, respectively. Joseph H. M. Roddy is the manager of Bear Creek GP. Joseph H. M. Roddy may be deemed to beneficially own the securities held directly or indirectly by Bear Creek LLC, Bear Creek LLLP and Bear Creek GP. The address for Bear Creek LLC, Bear Creek LLLP, Bear Creek GP, and Joseph H. M. Roddy is 1200 17th Street, Suite 970, Denver, Colorado 80202.
(9) Consists of 9,389,895 shares of Common Stock held by BTO Grannus Holdings IV - NQ LLC ("BTO Grannus IV"), 162,194 shares of Common Stock held by Blackstone Tactical Opportunities Fund - FD L.P. ("BTOF FD") and 75,521 shares of Common Stock held by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. ("BFTOIP III").

BTO Grannus IV is managed by Grannus Holdings Manager - NQ L.L.C. and Blackstone Tactical Opportunities Advisors L.L.C. is the investment adviser to BTO Grannus IV. The managing member of Blackstone Tactical Opportunities Advisors L.L.C. is Blackstone Intermediary Holdco L.L.C. The sole member of Blackstone Intermediary Holdco L.L.C. is Blackstone Securities Partners L.P. The general partner of Blackstone Securities Partners L.P. is Blackstone Advisory Services L.L.C. The sole member of Blackstone Advisory Services L.L.C. is Blackstone Holdings I L.P.

The general partner of BFTOIP III is BTO - NQ Side-by-Side GP L.L.C. The sole member of BTO-NQ Side-by-Side GP L.L.C. is Blackstone Holdings II L.P. The general partner with management authority over BTOF FD with respect to Common Stock held thereby is Blackstone Tactical Opportunities Associates III - NQ L.P. The general partner of Blackstone Tactical Opportunities Associates III - NQ L.P. is BTO DE GP - NQ L.L.C. The managing member of BTO DE GP - NQ L.L.C. is Blackstone Holdings II L.P.

The general partner of Blackstone Holdings I L.P. and Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone Holdings I/II GP L.L.C. is Blackstone Inc. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

Each of the Blackstone entities described in this footnote and Mr. Schwarzman (other than to the extent it or he directly holds securities as described herein) may be deemed to beneficially own the securities directly or indirectly controlled by such Blackstone entities or him, but each disclaims beneficial ownership of such securities. The address of each of such Blackstone entities and Mr. Schwarzman is c/o Blackstone Inc., 345 Park Avenue, New York, New York 10154.

(10) JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk. JCIC Sponsor's business address is 386 Park Avenue South, FL 20 New York, NY 10016.
(11) Consists of 202,631,578948 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock. JPMorgan Chase Funding Inc. is a wholly-owned subsidiary of publicly traded JPMorgan Chase & Co., the board of directors and chief executive officer of which are identified in JPMorgan Chase & Co.'s filings with the SEC. The address for JPMorgan Chase Funding Inc. is 383 Madison Avenue, New York, NY 10179.

126

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| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-0395 22.12.8.0 | ADG kumbh0ap | 26-Jan-2023 05:29 EST | 364800 TX 127 | 9* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | START PAGE |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

## SELLING HOLDERS

This prospectus relates to the resale by the Selling Holders from time to time of (i) up to 116,506,289 shares of Common Stock (including 9,400,000 shares of Common Stock that may be issued upon exercise of the Private Placement Warrants, 65,421,356 shares of Common Stock that may be issued upon conversion of the Series A Preferred Stock and 41,684,933 shares of Common Stock held by certain Selling Holders) and (ii) up to an aggregate of 9,400,000 Private Placement Warrants.

The Selling Holders may from time to time offer and sell any or all of the shares of Common Stock, shares of Common Stock issuable upon the conversion of Series A Preferred Stock, shares of Common Stock issuable upon the exercise of the Warrants set forth below pursuant to this prospectus, and Private Placement Warrants.

The table below is prepared based on information provided to us by the Selling Holders. It sets forth the name and address of the Selling Holders and other information regarding the beneficial ownership of the shares of Common Stock by each of the Selling Holders and of the Private Placement Warrants by the applicable Selling Holders. In the table below, the second column lists the number of shares of Common Stock beneficially owned by each Selling Holder prior to the offering; the third column lists the maximum number of shares of Common Stock to be sold pursuant to this prospectus by the Selling Holders; the fourth column lists the number of shares of Common Stock beneficially owned after the sale of all of the shares offered by each Selling Holder pursuant to this prospectus; the fifth column lists the number of Private Placement Warrants beneficially owned by each Selling Holder prior to the offering; the sixth column lists the maximum number of Private Placement Warrants being offered by this prospectus by each Selling Holder; the seventh column lists the number of Private Placement Warrants beneficially owned after the sale of all of the Private Placement Warrants offered by each Selling Holder pursuant to this prospectus; and the eighth column lists the percentage of outstanding Common Stock beneficially owned after the offered shares of Common Stock and Private Placement Warrants are sold pursuant to this prospectus.

The table below has been prepared based on information supplied to us by or on behalf of the Selling Holders, and reflects holdings as of January 26, 2023.

Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable within 60 days. Shares of Common Stock issuable pursuant to options or warrants are deemed to be outstanding for purposes of computing the beneficial ownership percentage of the person or group holding such options or warrants but are not deemed to be outstanding for purposes of computing the beneficial ownership percentage of any other person.

As of January 26, 2023, there were outstanding 43,769,290 shares of our Common Stock.

We cannot advise you as to whether the Selling Holders will in fact sell any or all of the securities set forth in the table below. See the section of this prospectus entitled “Plan of Distribution.” In addition, the Selling Holders may sell, transfer or otherwise dispose of, at any time and from time to time, such securities in transactions exempt from the registration requirements of the Securities Act after the date of this prospectus. For purposes of the below table, unless otherwise indicated below, we have assumed that the Selling Holders will have sold all of the securities covered by this prospectus upon the completion of the offering.

Unless otherwise indicated, the address of each Selling Holder named in the table below is c/o Bridger Aerospace Group Holdings, Inc., 90 Aviation Lane, Belgrade, MT 59714.

127

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| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-1022 22.12.8.0 | ADG tomar0ap | 27-Jan-2023 00:17 EST | 364800 TX 128 | 20* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

### Shares of Common Stock and Private Placement Warrants

| Name of Selling Holder and Addresses | Number of Shares of Common Stock Owned Prior to Offering | Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus | Number of Shares of Common Stock Owned After Offering | Number of Private Placement Warrants Owned Prior to Offering | Maximum Number of Private Placement Warrants to be Sold Pursuant to this Prospectus | Number of Private Placement Warrants Owned After Offering | Percentage of Outstanding Common Stock Beneficially Owned After the Offered Shares of Common Stock are Sold |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Directors and Executive Officers |  |  |  |  |  |  |  |
| Debra Coleman | 194,436 | 194,436 | - | - | - | - | - |
| Eric Gerratt | - | - | - | - | - | - | - |
| Dean Heller | 194,436 | 194,436 | - | - | - | - | - |
| Todd Hirsch | - | - | - | - | - | - | - |
| Wyman Howard | - | - | - | - | - | - | - |
| Jeffrey E. Kelter | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| James Muchmore | 1,873,090 | 1,873,090 | - | - | - | - | - |
| McAndrew Rudisill | 5,105,115 | 5,105,115 | - | - | - | - | - |
| Robert F. Savage | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| Matthew Sheehy | 9,984,831 | 9,984,831 | - | - | - | - | - |
| Timothy Sheehy | 10,030,955 | 10,030,955 | - | - | - | - | - |
| Darren Wilkins | 194,436 | 194,436 | - | - | - | - | - |
| Other Selling Holders |  |  |  |  |  |  |  |
| Avenue Capital | 3,042,151 | 6,542,136 | - | - | - | - | - |
| Barings LLC | 4,816,738 | 10,358,378 | - | - | - | - | - |
| Bear Creek | 4,375,186 | 6,708,509 | - | - | - | - | - |
| Blackstone | 9,624,610 | 9,624,610 | - | - | - | - | - |
| JP Morgan Chase Funding Inc. | 19,520,472 | 41,978,706 | - | - | - | - | - |
| JCIC Sponsor LLC | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| Sam Beck | 287,263 | 287,263 | - | - | - | - | - |
| Tim Cherwin | 359,078 | 359,078 | - | - | - | - | - |
| James H. Clark | - | - | - | - | - | - | - |
| Dave Crisp | 28,726 | 28,726 | - | - | - | - | - |
| Lee Dingman | 71,815 | 71,815 | - | - | - | - | - |
| Heather Hartnett | 25,000 | 25,000 | - | - | - | - | - |
| Thomas Jermoluk | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| Samir Kaul | 25,000 | 25,000 | - | - | - | - | - |
| Kevin McDonnel | 143,631 | 143,631 | - | - | - | - | - |
| Richard Noll | 25,000 | 25,000 | - | - | - | - | - |
| Lauren D. Ores | 0 | 0 | - | - | - | - | - |
| Joel Piniero | 43,089 | 43,089 | - | - | - | - | - |
| Steve Taylor | 359,078 | 359,078 | - | - | - | - | - |
| Mike Tragai | 143,631 | 143,631 | - | - | - | - | - |

* Less than 1%

(1) The shares of Common Stock and Private Placement Warrants are held by JCIC Sponsor and include the Earnout Shares. JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk.
(2) Consists of shares of Common Stock held by Black River Group LLC, which is managed by Mr. Muchmore.
(3) Consists of 2,255,470 shares of Common Stock held by Pelagic Capital Advisors LLC and 2,849,645 shares of Common Stock held by PCAO LLC, each of which are managed by Mr. Rudisill.
(4) Consists of 7,385,953 shares of Common Stock held by Red Cloud Holding Investments, LLC, 695,327 shares of Common Stock held by the Matthew P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Red Cloud Holding Investments, LLC and the Matthew P. Sheehy Revocable Trust are managed by Mr. Matthew Sheehy, and ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy.
(5) Consists of 2,081,409 shares of Common Stock held by Turtle Lake Holding Company, LLC, 6,045,985 shares of Common Stock held by the Timothy P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Turtle Lake Holding Company, LLC and the Timothy P. Sheehy Revocable Trust are managed by Mr. Timothy Sheehy, and ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy.
(6) Consists of 31,578,947,368 shares of our Series A Preferred Stock that are convertible at the election of the holder into shares of our Common Stock pursuant to the terms of such Series A Preferred Stock. These shares are held by ASSF Holdings, L.P., which is 100% owned by Avenue Sustainable Solutions Fund, L.P. ("ASSF"). Avenue Capital Management II, L.P. ("ACMII") serves as the investment manager of ASSF. ACMII may be deemed to have or to share voting and investment power with respect to the shares held by ASSF. Avenue

128

![img-3.jpeg](img-3.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | 1251 W10-PF-1022 22.12.18 | ADG aartk0an | 27-Jan-2023 00:17 EST | 364800 TX 129 | 13* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

Capital Management II GenPar, LLC is the general partner of ACMII. Marc Lasry is the managing member of Avenue Capital Management II GenPar, LLC. Marc Lasry may be deemed to be the indirect beneficial owner of the securities reported by ASSF by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Exchange Act) is a fractional interest in such amount. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 3,499,985 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.

(7) Consists of 4,250 shares of our Series A Preferred Stock held by Barings SS4 (LUX) LLC; 750 shares of our Series A Preferred Stock held by Barings Global Special Situations Credit Fund 4 (Delaware), L.P.; 14,618 shares of our Series A Preferred Stock held by Barings BDC, Inc.; 7,309 shares of our Series A Preferred Stock held by Barings Capital Investment Corporation; 17,725 shares of our Series A Preferred Stock held by Barings Private Credit Corporation; 365 shares of our Series A Preferred Stock held by Barings Corporate Investors; 183 shares of our Series A Preferred Stock held by Barings Participation Investors; and 4,800 shares of our Series A Preferred Stock held by Martello Re Limited, all of which are convertible at the election of the holder into shares of our Common Stock pursuant to the terms of such Series A Preferred Stock. Barings LLC acts as the investment adviser to the entities and/or funds included in the prior sentence, and therefore has the power to vote and dispose of the aggregate of such shares of our Series A Preferred Stock. Barings LLC expressly disclaims beneficial ownership of any securities reported herein except to the extent Barings LLC exercises voting or dispositive power with respect to such securities. Barings LLC is a registered investment adviser. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 5,541,640 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.
(8) Consists of 21,052,631,579 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock held by BC Super Scooper LLC ("Bear Creek LLC") and 2,347,085 shares of Common Stock held by Bear Creek Products 2018-1 (CNI), LLLP ("Bear Creek LLLP"). BCGP-2016, LLC ("Bear Creek GP") is the manager and general partner of Bear Creek LLC and Bear Creek LLLP, respectively. Joseph H. M. Roddy is the manager of Bear Creek GP. Joseph H. M. Roddy may be deemed to beneficially own the securities held directly or indirectly by Bear Creek LLC, Bear Creek LLLP and Bear Creek GP. The address for Bear Creek LLC, Bear Creek LLLP, Bear Creek GP, and Joseph H. M. Roddy is 1200 17th Street, Suite 970, Denver, Colorado 80202. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 2,333,323 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.
(9) Consists of 9,389,895 shares of Common Stock held by BTO Grannus Holdings IV - NQ LLC ("BTO Grannus IV"), 162,194 shares of Common Stock held by Blackstone Tactical Opportunities Fund - FD L.P. ("BTOF FD") and 72,521 shares of Common Stock held by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. ("BFTOIP III").

129

![img-4.jpeg](img-4.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-1022 22.12.8.8 | ADG aartk0an | 27-Jan-2023 00:17 EST | 364800 TX 130 | 15* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

BTO Grannus III is managed by Grannus Holdings Manager - NQ L.L.C. and Blackstone Tactical Opportunities Advisors L.L.C. is the investment adviser to BTO Grannus IV. The managing member of Blackstone Tactical Opportunities Advisors L.L.C. is Blackstone Intermediary Holdco L.L.C. The sole member of Blackstone Intermediary Holdco L.L.C. is Blackstone Securities Partners L.P. The general partner of Blackstone Securities Partners L.P. is Blackstone Advisory Services L.L.C. The sole member of Blackstone Advisory Services L.L.C. is Blackstone Holdings I L.P.

The general partner of BTOIP III is BTO - NQ Side-by-Side GP L.L.C. The sole member of BTO-NQ Side-by-Side GP L.L.C. is Blackstone Holdings II L.P. The general partner with management authority over BTOF FD with respect to our Common Stock held thereby is Blackstone Tactical Opportunities Associates III - NQ L.P. The general partner of Blackstone Tactical Opportunities Associates III - NQ L.P. is BTO DE GP - NQ L.L.C. The managing member of BTO DE GP - NQ L.L.C. is Blackstone Holdings II L.P.

The general partner of Blackstone Holdings I L.P. and Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone Holdings I/II GP L.L.C. is Blackstone Inc. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

Each of the Blackstone entities described in this footnote and Mr. Schwarzman (other than to the extent it or he directly holds securities as described herein) may be deemed to beneficially own the securities directly or indirectly controlled by such Blackstone entities or him, but each disclaims beneficial ownership of such securities.

(10) Consists of 202,631,578948 shares of our Series A Preferred Stock that are convertible at the election of the holder into shares of our Common Stock pursuant to the terms of such Series A Preferred Stock. JPMorgan Chase Funding Inc. is a wholly-owned subsidiary of publicly traded JPMorgan Chase & Co., the board of directors and chief executive officer of which are identified in JPMorgan Chase & Co.'s filings with the SEC. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 22,458,234 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.
(11) Represents shares of Common Stock and Private Placement Warrants held by JCIC Sponsor, and includes the Earnout Shares. JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk. Pursuant to the Stockholders Agreement, JCIC Sponsor is obligated to vote for certain nominees to the Board. See the section of this prospectus entitled "Certain Relationships and Related Party Transactions - Stockholders Agreement" for additional information.

### Material Relationships with the Selling Holders

For a description of our material relationships with the Selling Holders and their affiliates see the sections of this prospectus entitled "Management," "Certain Relationships and Related Party Transactions" and "Executive and Director Compensation." In addition, the table below lists the Selling Holders that held positions as directors and officers of Jack Creek prior to the Business Combination.

| Name | Age | Position |
| --- | --- | --- |
| Thomas Jermoluk | 65 | President, Director |
| James H. Clark | 77 | Chief Technology Officer |
| Lauren D. Ores | 41 | Chief Financial Officer |
| Heather Hartnett | 39 | Director |
| Samir Kaul | 48 | Director |
| Richard Noll | 64 | Director |

130

**Attachment 2:** `exhibit1.pdf`

EXHIBIT 1

![img-0.jpeg](img-0.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | 123-3010-PF-0640 22.12.8.0 | ADG rudob0cm | 27-Jan-2023 00:18 EST | 364800 TX 124 | 12' |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | START PAGE |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

## PRINCIPAL SECURITYHOLDERS

The following table and accompanying footnotes set forth information with respect to the beneficial ownership of Common Stock, as of January 24, 2023 after the completion of the Business Combination, for (1) each person known by us to be the beneficial owner of more than 5% of our outstanding shares of our Common Stock, (2) each member of the Board, (3) each of our named executive officers and (4) all of the members of the Board and our executive officers, as a group.

Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable within 60 days. Shares of Common Stock issuable pursuant to options or warrants are deemed to be outstanding for purposes of computing the beneficial ownership percentage of the person or group holding such options or warrants but are not deemed to be outstanding for purposes of computing the beneficial ownership percentage of any other person. In addition, in calculating percentages of shares of our Common Stock owned by any holder of Series A Preferred Stock, we have assumed that particular holder has exercised its conversion rights at a conversion price of $11.00 per share on February 24, 2023 and treated as outstanding the number of shares of our Common Stock issuable to that particular holder upon conversion of that particular holder's shares of our Series A Preferred Stock, and we did not assume the conversion or exercise of any other holder's Series A Preferred Stock in calculating the percentage ownership of any other holder listed below.

As of January 24, 2023 after the completion of the Business Combination, there were outstanding 43,769,290 shares of our Common Stock.

Unless otherwise noted in the footnotes to the following table, and subject to applicable community property laws, the persons and entities named in the table have sole voting and investment power with respect to their beneficially owned shares of Common Stock.

| Name and Address of Beneficial Owner† | Number of Shares of Common Stock | % of Outstanding Shares of Common Stock |
| --- | --- | --- |
| Directors and Named Executive Officers of Bridger |  |  |
| Jeffrey E. Kelter (1) | 2,528,189 | 5.8% |
| Debra Coleman | 194,436 | * |
| Dean Heller | 194,436 | * |
| Todd Hirsch | - | - |
| Wyman Howard | - | - |
| McAndrew Rudisill (2) | 5,105,115 | 11.7% |
| Robert F. Savage (1) | 2,528,189 | 5.8% |
| Timothy Sheehy (3) | 10,030,955 | 22.9% |
| Matthew Sheehy (4) | 9,984,831 | 22.8% |
| James Muchmore (5) | 1,873,090 | 4.3% |
| All Directors and Executive Officers of Bridger as a Group (12 individuals) | 30,105,488 | 68.8% |
| Other 5% Shareholders |  |  |
| Avenue Capital (6) | 3,042,151 | 6.5% |
| Barings LLC (7) | 4,816,738 | 9.9% |
| Bear Creek (8) | 4,375,186 | 9.6% |
| Blackstone (9) | 9,624,610 | 22% |
| JCIC Sponsor LLC (10) | 2,528,189 | 5.8% |
| JP Morgan Chase Funding Inc. (11) | 19,520,472 | 30.8% |
| Thomas Jermoluk (1) | 2,528,189 | 5.8% |

\* Denotes less than 1%.

124

![img-1.jpeg](img-1.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | 1251-3010-PF-1003 22.12.18 | ADG kale50ap | 27-Jan-2023 00:13 EST | 364800 TX 125 | 9* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

† Unless otherwise noted, the business address of each of the following individuals is c/o Bridger Aerospace Group Holdings, Inc., 90 Aviation Lane, Belgrade, MT 59714.
(1) Represents shares of Common Stock held by JCIC Sponsor and includes the Earnout Shares. JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk. The business address of each of the individuals is c/o JCIC Sponsor LLC, 386 Park Avenue South, FL 20 New York, NY 10016.
(2) Consists of 2,255,470 shares of Common Stock held by Pelagic Capital Advisors LLC and 2,849,645 shares of Common Stock held by PCAO LLC, each of which are managed by Mr. Rudisill. Mr. Rudisill received RSUs with respect to 1,451,874 shares of Common Stock, 725,937 of which vested upon the Closing but will settle after January 24, 2024.
(3) Consists of 2,081,409 shares of Common Stock held by Turtle Lake Holding Company, LLC, 6,045,985 shares of Common Stock held by the Timothy P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Turtle Lake Holding Company, LLC is managed by Mr. Timothy Sheehy, and Mr. Timothy Sheehy is the trustee of the Timothy P. Sheehy Revocable Trust. ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy. Mr. Timothy Sheehy received RSUs with respect to 1,742,182 shares of Common Stock, 871,091 of which vested upon the Closing but will settle after January 24, 2024.
(4) Consists of 7,385,943 shares of Common Stock held by Red Cloud Holding Investments, LLC, 695,327 shares of Common Stock held by the Matthew P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Red Cloud Holding Investments, LLC is managed by Mr. Matthew Sheehy, and Mr. Matthew Sheehy is the trustee of the Matthew P. Sheehy Revocable Trust. ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy. Mr. Matthew Sheehy received RSUs with respect to 1,161,455 shares of Common Stock, 580,728 of which vested upon the Closing but will settle after January 24, 2024.
(5) Consists of shares of 1,873,090 Common Stock held by Black River Group LLC, which is managed by Mr. Muchmore. Mr. Muchmore received RSUs with respect to 871,147 shares of Common Stock, 87,115 of which vested upon the Closing but will settle after January 24, 2024.
(6) Consists of 31,578,947368 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock. These shares are held by ASSF Holdings, L.P., which is 100% owned by Avenue Sustainable Solutions Fund, L.P. ("ASSF"). Avenue Capital Management II, L.P. ("ACMII") serves as the investment manager of ASSF. ACMII may be deemed to have or to share voting and investment power with respect to the shares held by ASSF. Avenue Capital Management II GenPar, LLC is the general partner of ACMII. Marc Lasry is the managing member of Avenue Capital Management II GenPar, LLC. Marc Lasry may be deemed to be the indirect beneficial owner of the securities reported by ASSF by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Exchange Act) is a fractional interest in such amount. The address for the foregoing person is 11 West 42nd Street, 9th Floor, New York, New York 10036.
(7) Consists of 4,250,000000 shares of Series A Preferred Stock held by Barings SS4 (LUX) LLC; 750,000000 shares of Series A Preferred Stock held by Barings Global Special Situations Credit Fund 4 (Delaware), L.P.; 14,618,000000 shares of Series A Preferred Stock held by Barings BDC, Inc.; 7,309,000000 shares of Series A Preferred Stock held by Barings Capital Investment Corporation; 17,725,000000 shares of Series A Preferred Stock held by Barings Private Credit Corporation; 365,000000 shares of Series A Preferred Stock held by Barings Corporate Investors; 183,000000 shares of Series A Preferred Stock held by Barings Participation Investors; and 4,800,000000 shares of Series A Preferred Stock held by Martello Re Limited, all of which are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock. Barings LLC acts as the investment adviser to the entities and/or funds included in the prior sentence, and therefore has the power to vote and dispose of the aggregate of such shares of Series A Preferred Stock. Barings LLC expressly disclaims beneficial ownership of any securities reported herein except to the extent Barings LLC exercises voting or dispositive power with respect to such securities. Barings LLC is a registered investment adviser with its principal place of business being 300 South Tryon, Suite 2500, Charlotte, NC 28202.

125

![img-2.jpeg](img-2.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-0003 22.12.8.0 | ADG patis0in | 26-Jan-2023 05:55 EST | 364800 TX 126 | 8* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

(8) Consists of 21,052,631579 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock held by BC Super Scooper LLC ("Bear Creek LLC") and 2,347,085 shares of Common Stock held by Bear Creek Products 2018-1 (CNI), LLLP ("Bear Creek LLLP"). BCGP-2016, LLC ("Bear Creek GP") is the manager and general partner of Bear Creek LLC and Bear Creek LLLP, respectively. Joseph H. M. Roddy is the manager of Bear Creek GP. Joseph H. M. Roddy may be deemed to beneficially own the securities held directly or indirectly by Bear Creek LLC, Bear Creek LLLP and Bear Creek GP. The address for Bear Creek LLC, Bear Creek LLLP, Bear Creek GP, and Joseph H. M. Roddy is 1200 17th Street, Suite 970, Denver, Colorado 80202.
(9) Consists of 9,389,895 shares of Common Stock held by BTO Grannus Holdings IV - NQ LLC ("BTO Grannus IV"), 162,194 shares of Common Stock held by Blackstone Tactical Opportunities Fund - FD L.P. ("BTOF FD") and 75,521 shares of Common Stock held by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. ("BFTOIP III").

BTO Grannus IV is managed by Grannus Holdings Manager - NQ L.L.C. and Blackstone Tactical Opportunities Advisors L.L.C. is the investment adviser to BTO Grannus IV. The managing member of Blackstone Tactical Opportunities Advisors L.L.C. is Blackstone Intermediary Holdco L.L.C. The sole member of Blackstone Intermediary Holdco L.L.C. is Blackstone Securities Partners L.P. The general partner of Blackstone Securities Partners L.P. is Blackstone Advisory Services L.L.C. The sole member of Blackstone Advisory Services L.L.C. is Blackstone Holdings I L.P.

The general partner of BFTOIP III is BTO - NQ Side-by-Side GP L.L.C. The sole member of BTO-NQ Side-by-Side GP L.L.C. is Blackstone Holdings II L.P. The general partner with management authority over BTOF FD with respect to Common Stock held thereby is Blackstone Tactical Opportunities Associates III - NQ L.P. The general partner of Blackstone Tactical Opportunities Associates III - NQ L.P. is BTO DE GP - NQ L.L.C. The managing member of BTO DE GP - NQ L.L.C. is Blackstone Holdings II L.P.

The general partner of Blackstone Holdings I L.P. and Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone Holdings I/II GP L.L.C. is Blackstone Inc. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

Each of the Blackstone entities described in this footnote and Mr. Schwarzman (other than to the extent it or he directly holds securities as described herein) may be deemed to beneficially own the securities directly or indirectly controlled by such Blackstone entities or him, but each disclaims beneficial ownership of such securities. The address of each of such Blackstone entities and Mr. Schwarzman is c/o Blackstone Inc., 345 Park Avenue, New York, New York 10154.

(10) JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk. JCIC Sponsor's business address is 386 Park Avenue South, FL 20 New York, NY 10016.
(11) Consists of 202,631,578948 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock. JPMorgan Chase Funding Inc. is a wholly-owned subsidiary of publicly traded JPMorgan Chase & Co., the board of directors and chief executive officer of which are identified in JPMorgan Chase & Co.'s filings with the SEC. The address for JPMorgan Chase Funding Inc. is 383 Madison Avenue, New York, NY 10179.

126

![img-3.jpeg](img-3.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-0395 22.12.8.0 | ADG kumbh0ap | 26-Jan-2023 05:29 EST | 364800 TX 127 | 9* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | START PAGE |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

## SELLING HOLDERS

This prospectus relates to the resale by the Selling Holders from time to time of (i) up to 116,506,289 shares of Common Stock (including 9,400,000 shares of Common Stock that may be issued upon exercise of the Private Placement Warrants, 65,421,356 shares of Common Stock that may be issued upon conversion of the Series A Preferred Stock and 41,684,933 shares of Common Stock held by certain Selling Holders) and (ii) up to an aggregate of 9,400,000 Private Placement Warrants.

The Selling Holders may from time to time offer and sell any or all of the shares of Common Stock, shares of Common Stock issuable upon the conversion of Series A Preferred Stock, shares of Common Stock issuable upon the exercise of the Warrants set forth below pursuant to this prospectus, and Private Placement Warrants.

The table below is prepared based on information provided to us by the Selling Holders. It sets forth the name and address of the Selling Holders and other information regarding the beneficial ownership of the shares of Common Stock by each of the Selling Holders and of the Private Placement Warrants by the applicable Selling Holders. In the table below, the second column lists the number of shares of Common Stock beneficially owned by each Selling Holder prior to the offering; the third column lists the maximum number of shares of Common Stock to be sold pursuant to this prospectus by the Selling Holders; the fourth column lists the number of shares of Common Stock beneficially owned after the sale of all of the shares offered by each Selling Holder pursuant to this prospectus; the fifth column lists the number of Private Placement Warrants beneficially owned by each Selling Holder prior to the offering; the sixth column lists the maximum number of Private Placement Warrants being offered by this prospectus by each Selling Holder; the seventh column lists the number of Private Placement Warrants beneficially owned after the sale of all of the Private Placement Warrants offered by each Selling Holder pursuant to this prospectus; and the eighth column lists the percentage of outstanding Common Stock beneficially owned after the offered shares of Common Stock and Private Placement Warrants are sold pursuant to this prospectus.

The table below has been prepared based on information supplied to us by or on behalf of the Selling Holders, and reflects holdings as of January 26, 2023.

Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable within 60 days. Shares of Common Stock issuable pursuant to options or warrants are deemed to be outstanding for purposes of computing the beneficial ownership percentage of the person or group holding such options or warrants but are not deemed to be outstanding for purposes of computing the beneficial ownership percentage of any other person.

As of January 26, 2023, there were outstanding 43,769,290 shares of our Common Stock.

We cannot advise you as to whether the Selling Holders will in fact sell any or all of the securities set forth in the table below. See the section of this prospectus entitled “Plan of Distribution.” In addition, the Selling Holders may sell, transfer or otherwise dispose of, at any time and from time to time, such securities in transactions exempt from the registration requirements of the Securities Act after the date of this prospectus. For purposes of the below table, unless otherwise indicated below, we have assumed that the Selling Holders will have sold all of the securities covered by this prospectus upon the completion of the offering.

Unless otherwise indicated, the address of each Selling Holder named in the table below is c/o Bridger Aerospace Group Holdings, Inc., 90 Aviation Lane, Belgrade, MT 59714.

127

![img-4.jpeg](img-4.jpeg)

| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-1022 22.12.8.0 | ADG tomar0ap | 27-Jan-2023 00:17 EST | 364800 TX 128 | 20* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

### Shares of Common Stock and Private Placement Warrants

| Name of Selling Holder and Addresses | Number of Shares of Common Stock Owned Prior to Offering | Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus | Number of Shares of Common Stock Owned After Offering | Number of Private Placement Warrants Owned Prior to Offering | Maximum Number of Private Placement Warrants to be Sold Pursuant to this Prospectus | Number of Private Placement Warrants Owned After Offering | Percentage of Outstanding Common Stock Beneficially Owned After the Offered Shares of Common Stock are Sold |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Directors and Executive Officers |  |  |  |  |  |  |  |
| Debra Coleman | 194,436 | 194,436 | - | - | - | - | - |
| Eric Gerratt | - | - | - | - | - | - | - |
| Dean Heller | 194,436 | 194,436 | - | - | - | - | - |
| Todd Hirsch | - | - | - | - | - | - | - |
| Wyman Howard | - | - | - | - | - | - | - |
| Jeffrey E. Kelter | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| James Muchmore | 1,873,090 | 1,873,090 | - | - | - | - | - |
| McAndrew Rudisill | 5,105,115 | 5,105,115 | - | - | - | - | - |
| Robert F. Savage | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| Matthew Sheehy | 9,984,831 | 9,984,831 | - | - | - | - | - |
| Timothy Sheehy | 10,030,955 | 10,030,955 | - | - | - | - | - |
| Darren Wilkins | 194,436 | 194,436 | - | - | - | - | - |
| Other Selling Holders |  |  |  |  |  |  |  |
| Avenue Capital | 3,042,151 | 6,542,136 | - | - | - | - | - |
| Barings LLC | 4,816,738 | 10,358,378 | - | - | - | - | - |
| Bear Creek | 4,375,186 | 6,708,509 | - | - | - | - | - |
| Blackstone | 9,624,610 | 9,624,610 | - | - | - | - | - |
| JP Morgan Chase Funding Inc. | 19,520,472 | 41,978,706 | - | - | - | - | - |
| JCIC Sponsor LLC | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| Sam Beck | 287,263 | 287,263 | - | - | - | - | - |
| Tim Cherwin | 359,078 | 359,078 | - | - | - | - | - |
| James H. Clark | - | - | - | - | - | - | - |
| Dave Crisp | 28,726 | 28,726 | - | - | - | - | - |
| Lee Dingman | 71,815 | 71,815 | - | - | - | - | - |
| Heather Hartnett | 25,000 | 25,000 | - | - | - | - | - |
| Thomas Jermoluk | 2,528,189 | 2,528,189 | - | 9,400,000 | 9,400,000 | - | - |
| Samir Kaul | 25,000 | 25,000 | - | - | - | - | - |
| Kevin McDonnel | 143,631 | 143,631 | - | - | - | - | - |
| Richard Noll | 25,000 | 25,000 | - | - | - | - | - |
| Lauren D. Ores | 0 | 0 | - | - | - | - | - |
| Joel Piniero | 43,089 | 43,089 | - | - | - | - | - |
| Steve Taylor | 359,078 | 359,078 | - | - | - | - | - |
| Mike Tragai | 143,631 | 143,631 | - | - | - | - | - |

* Less than 1%

(1) The shares of Common Stock and Private Placement Warrants are held by JCIC Sponsor and include the Earnout Shares. JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk.
(2) Consists of shares of Common Stock held by Black River Group LLC, which is managed by Mr. Muchmore.
(3) Consists of 2,255,470 shares of Common Stock held by Pelagic Capital Advisors LLC and 2,849,645 shares of Common Stock held by PCAO LLC, each of which are managed by Mr. Rudisill.
(4) Consists of 7,385,953 shares of Common Stock held by Red Cloud Holding Investments, LLC, 695,327 shares of Common Stock held by the Matthew P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Red Cloud Holding Investments, LLC and the Matthew P. Sheehy Revocable Trust are managed by Mr. Matthew Sheehy, and ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy.
(5) Consists of 2,081,409 shares of Common Stock held by Turtle Lake Holding Company, LLC, 6,045,985 shares of Common Stock held by the Timothy P. Sheehy Revocable Trust, and 1,903,561 shares of Common Stock held by ElementCompany, LLC. Turtle Lake Holding Company, LLC and the Timothy P. Sheehy Revocable Trust are managed by Mr. Timothy Sheehy, and ElementCompany, LLC is co-managed by Mr. Matthew Sheehy and Mr. Timothy Sheehy.
(6) Consists of 31,578,947368 shares of our Series A Preferred Stock that are convertible at the election of the holder into shares of our Common Stock pursuant to the terms of such Series A Preferred Stock. These shares are held by ASSF Holdings, L.P., which is 100% owned by Avenue Sustainable Solutions Fund, L.P. ("ASSF"). Avenue Capital Management II, L.P. ("ACMII") serves as the investment manager of ASSF. ACMII may be deemed to have or to share voting and investment power with respect to the shares held by ASSF. Avenue

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| WILDFIRE NEW PUBCO, | Donnelley Financial | 1251 W10-PF-1022 22.12.18 | ADG aartblan | 27-Jan-2023 00:17 EST | 364800 TX 129 | 13* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

Capital Management II GenPar, LLC is the general partner of ACMII. Marc Lasry is the managing member of Avenue Capital Management II GenPar, LLC. Marc Lasry may be deemed to be the indirect beneficial owner of the securities reported by ASSF by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Exchange Act) is a fractional interest in such amount. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 3,499,985 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.

(7) Consists of 4,250 shares of our Series A Preferred Stock held by Barings SS4 (LUX) LLC; 750 shares of our Series A Preferred Stock held by Barings Global Special Situations Credit Fund 4 (Delaware), L.P.; 14,618 shares of our Series A Preferred Stock held by Barings BDC, Inc.; 7,309 shares of our Series A Preferred Stock held by Barings Capital Investment Corporation; 17,725 shares of our Series A Preferred Stock held by Barings Private Credit Corporation; 365 shares of our Series A Preferred Stock held by Barings Corporate Investors; 183 shares of our Series A Preferred Stock held by Barings Participation Investors; and 4,800 shares of our Series A Preferred Stock held by Martello Re Limited, all of which are convertible at the election of the holder into shares of our Common Stock pursuant to the terms of such Series A Preferred Stock. Barings LLC acts as the investment adviser to the entities and/or funds included in the prior sentence, and therefore has the power to vote and dispose of the aggregate of such shares of our Series A Preferred Stock. Barings LLC expressly disclaims beneficial ownership of any securities reported herein except to the extent Barings LLC exercises voting or dispositive power with respect to such securities. Barings LLC is a registered investment adviser. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 5,541,640 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.
(8) Consists of 21,052,631,579 shares of Series A Preferred Stock that are convertible at the election of the holder into shares of Common Stock pursuant to the terms of such Series A Preferred Stock held by BC Super Scooper LLC ("Bear Creek LLC") and 2,347,085 shares of Common Stock held by Bear Creek Products 2018-1 (CNI), LLLP ("Bear Creek LLLP"). BCGP-2016, LLC ("Bear Creek GP") is the manager and general partner of Bear Creek LLC and Bear Creek LLLP, respectively. Joseph H. M. Roddy is the manager of Bear Creek GP. Joseph H. M. Roddy may be deemed to beneficially own the securities held directly or indirectly by Bear Creek LLC, Bear Creek LLLP and Bear Creek GP. The address for Bear Creek LLC, Bear Creek LLLP, Bear Creek GP, and Joseph H. M. Roddy is 1200 17th Street, Suite 970, Denver, Colorado 80202. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 2,333,323 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.
(9) Consists of 9,389,895 shares of Common Stock held by BTO Grannus Holdings IV - NQ LLC ("BTO Grannus IV"), 162,194 shares of Common Stock held by Blackstone Tactical Opportunities Fund - FD L.P. ("BTOF FD") and 72,521 shares of Common Stock held by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. ("BFTOIP III").

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| WILDFIRE NEW PUBCO, | Donnelley Financial | VCS-W10-PF-1022 22.12.8.0 | ADG aartk0an | 27-Jan-2023 00:17 EST | 364800 TX 130 | 15* |
| --- | --- | --- | --- | --- | --- | --- |
| RESALE S-1 | None |  | NYB | 27-Jan-2023 23:00 EST | CURR | PS PMT 1C |

BTO Grannus III is managed by Grannus Holdings Manager - NQ L.L.C. and Blackstone Tactical Opportunities Advisors L.L.C. is the investment adviser to BTO Grannus IV. The managing member of Blackstone Tactical Opportunities Advisors L.L.C. is Blackstone Intermediary Holdco L.L.C. The sole member of Blackstone Intermediary Holdco L.L.C. is Blackstone Securities Partners L.P. The general partner of Blackstone Securities Partners L.P. is Blackstone Advisory Services L.L.C. The sole member of Blackstone Advisory Services L.L.C. is Blackstone Holdings I L.P.

The general partner of BTOIP III is BTO - NQ Side-by-Side GP L.L.C. The sole member of BTO-NQ Side-by-Side GP L.L.C. is Blackstone Holdings II L.P. The general partner with management authority over BTOF FD with respect to our Common Stock held thereby is Blackstone Tactical Opportunities Associates III - NQ L.P. The general partner of Blackstone Tactical Opportunities Associates III - NQ L.P. is BTO DE GP - NQ L.L.C. The managing member of BTO DE GP - NQ L.L.C. is Blackstone Holdings II L.P.

The general partner of Blackstone Holdings I L.P. and Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone Holdings I/II GP L.L.C. is Blackstone Inc. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

Each of the Blackstone entities described in this footnote and Mr. Schwarzman (other than to the extent it or he directly holds securities as described herein) may be deemed to beneficially own the securities directly or indirectly controlled by such Blackstone entities or him, but each disclaims beneficial ownership of such securities.

(10) Consists of 202,631,578948 shares of our Series A Preferred Stock that are convertible at the election of the holder into shares of our Common Stock pursuant to the terms of such Series A Preferred Stock. JPMorgan Chase Funding Inc. is a wholly-owned subsidiary of publicly traded JPMorgan Chase & Co., the board of directors and chief executive officer of which are identified in JPMorgan Chase & Co.'s filings with the SEC. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" includes 22,458,234 shares of Common Stock not currently beneficially owned but that may be issuable upon the conversion of shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the holder's election at a fixed conversion price of $11.00 per share of Common Stock and accrues interest daily at a rate equal to (i) 7.00% per annum on the Series A Preferred Stated Value (as defined in the Amended and Restated Charter) of such share of Series A Preferred Stock for the period from (and including) January 24, 2023 to (but excluding) April 25, 2028, (ii) 9.00% per annum on the Series A Preferred Stated Value of such share of Series A Preferred Stock for the period from (and including) April 25, 2028 to (but excluding) April 25, 2029, and (iii) 11.00% per annum from and after April 25, 2029 until maturity on April 25, 2032.
(11) Represents shares of Common Stock and Private Placement Warrants held by JCIC Sponsor, and includes the Earnout Shares. JCIC Sponsor is controlled indirectly by Messrs. Kelter, Savage and Jermoluk. Pursuant to the Stockholders Agreement, JCIC Sponsor is obligated to vote for certain nominees to the Board. See the section of this prospectus entitled "Certain Relationships and Related Party Transactions - Stockholders Agreement" for additional information.

### Material Relationships with the Selling Holders

For a description of our material relationships with the Selling Holders and their affiliates see the sections of this prospectus entitled "Management," "Certain Relationships and Related Party Transactions" and "Executive and Director Compensation." In addition, the table below lists the Selling Holders that held positions as directors and officers of Jack Creek prior to the Business Combination.

| Name | Age | Position |
| --- | --- | --- |
| Thomas Jermoluk | 65 | President, Director |
| James H. Clark | 77 | Chief Technology Officer |
| Lauren D. Ores | 41 | Chief Financial Officer |
| Heather Hartnett | 39 | Director |
| Samir Kaul | 48 | Director |
| Richard Noll | 64 | Director |

130