# EDGAR Filing Document

**Accession Number:** 0001941536
**File Stem:** 0000000000-23-001235
**Filing Date:** 2023-2
**Character Count:** 11750
**Document Hash:** 3b3022e3e8988d86fb0d63229b6413f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001235.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0000000000-23-001235

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230207

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bridger Aerospace Group Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001941536
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 90 AVIATION LANE
- **CITY:** BELGRADE
- **STATE:** MT
- **ZIP:** 59714
- **BUSINESS PHONE:** (406) 813-0079

**MAIL ADDRESS:**
- **STREET 1:** 90 AVIATION LANE
- **CITY:** BELGRADE
- **STATE:** MT
- **ZIP:** 59714

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wildfire New PubCo, Inc.
- **DATE OF NAME CHANGE:** 20220805

## Text-Extract

```

United States securities and exchange commission logo

                               February 7, 2023

       Timothy Sheehy
       Chief Executive Officer
       Bridger Aerospace Group Holdings, Inc.
       90 Aviation Lane
       Belgrade, MT 59714

                                                        Re: Bridger Aerospace
Group Holdings, Inc.
                                                            Registration
Statement on Form S-1
                                                            Filed January 30,
2023
                                                            File No. 333-269456

       Dear Timothy Sheehy:

              We have limited our review of your registration statement to
those issues we have
       addressed in our comments. In some of our comments, we may ask you to
provide us with
       information so we may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form S-1 filed January 30, 2023

       Cover Page

   1.                                                   Please revise your
disclosure to clarify that the sponsor holds the 115,000 note shares to
                                                        be registered for
resale. Additionally, we note that you are also registering for resale "up
                                                        to 2,488,189 shares of
Common Stock . . . that were originally issued in a private
                                                        placement to JCIC
Sponsor," thereby indicating that the total number of shares currently
                                                        held by your sponsor
would be 2,603,189 shares. Please revise to reconcile with your
                                                        disclosure on page 131
stating that the sponsor owns and may sell up to 2,528,189 shares
                                                        of common stock
pursuant to your prospectus. In this regard, we note that your current
                                                        report on Form 8-K
filed January 27, 2023 indicates that you issued 2,413,189 shares as
                                                        opposed to 2,488,189
shares in connection with the closing of the business combination.
 Timothy Sheehy
FirstName LastNameTimothy  SheehyInc.
Bridger Aerospace Group Holdings,
Comapany7,NameBridger
February   2023        Aerospace Group Holdings, Inc.
February
Page 2 7, 2023 Page 2
FirstName LastName
"Future sales, or the perception of future sales, of shares of our Common
Stock, by us or our
stockholders in the public market . . . ", page 49

2.       We note your response to comment 4, as well as your revised disclosure
"that the number
         of shares of Common Stock that the Selling Holders can sell into the
public markets
         pursuant to this prospectus exceeds our current free float." Please
revise to also quantify
         what percentage the resale securities would constitute of your public
float assuming the
         sale of all such shares, to provide investors with a more complete
picture of your public
         float. Please make conforming changes on pages 33 and 84, and also
revise your
         reference on page 33 to "this prospectus supplement" to instead refer
to "this prospectus,"
         if true.
Liquidity and Capital Resources
Cash, page 83

3.       We note your disclosure on page 119 that "[i]n connection with the
Business
         Combination, stockholders owning 34,245,643 shares of JCIC Class A
Ordinary Shares
         exercised their rights to have those shares redeemed for cash at a
redemption price of
         approximately $10.16 per share, or an aggregate of approximately
$347,800,000 million."
         Please disclose such amount of redemptions here and discuss the
related amount of
         proceeds that you raised from the business combination and how such
amount impacts
         your short- and long-term plans.
Principal Securityholders, page 127

4.       We note your beneficial ownership disclosure and have the following
comments:

                Please provide the information required by Item 403 of
Regulation S-K with respect
              to your chief financial officer Eric Gerrat.

                Please disclose the natural persons with investment and/or
voting control over
              Barings LLC.

                Please revise your beneficial ownership disclosure pertaining
to the sponsor to also
              include the 9,400,000 shares of common stock underlying the
sponsor's warrants, or
              tell us why you are not required to do so.
 Timothy Sheehy
FirstName LastNameTimothy  SheehyInc.
Bridger Aerospace Group Holdings,
Comapany7,NameBridger
February   2023        Aerospace Group Holdings, Inc.
February
Page 3 7, 2023 Page 3
FirstName LastName
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Brian Fetterolf at 202-551-6613 or Donald Field at
202-551-3680 with any
other questions.

                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of Trade &
Services
cc:      Michael Heinz

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 7, 2023

Timothy Sheehy  
Chief Executive Officer  
Bridger Aerospace Group Holdings, Inc.  
90 Aviation Lane  
Belgrade, MT 59714

# **Re: Bridger Aerospace Group Holdings, Inc.  
Registration Statement on Form S-1  
Filed January 30, 2023  
File No. 333-269456**

Dear Timothy Sheehy:

We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.

Registration Statement on Form S-1 filed January 30, 2023

# Cover Page

1. Please revise your disclosure to clarify that the sponsor holds the 115,000 note shares to be registered for resale. Additionally, we note that you are also registering for resale 'up to 2,488,189 shares of Common Stock . . . that were originally issued in a private placement to JCIC Sponsor,' thereby indicating that the total number of shares currently held by your sponsor would be 2,603,189 shares. Please revise to reconcile with your disclosure on page 131 stating that the sponsor owns and may sell up to 2,528,189 shares of common stock pursuant to your prospectus. In this regard, we note that your current report on Form 8-K filed January 27, 2023 indicates that you issued 2,413,189 shares as opposed to 2,488,189 shares in connection with the closing of the business combination.

Timothy Sheehy
Bridger Aerospace Group Holdings, Inc.
February 7, 2023
Page 2

"Future sales, or the perception of future sales, of shares of our Common Stock, by us or our stockholders in the public market . . .", page 49

2. We note your response to comment 4, as well as your revised disclosure "that the number of shares of Common Stock that the Selling Holders can sell into the public markets pursuant to this prospectus exceeds our current free float." Please revise to also quantify what percentage the resale securities would constitute of your public float assuming the sale of all such shares, to provide investors with a more complete picture of your public float. Please make conforming changes on pages 33 and 84, and also revise your reference on page 33 to "this prospectus supplement" to instead refer to "this prospectus," if true.

Liquidity and Capital Resources

Cash, page 83

3. We note your disclosure on page 119 that "[i]n connection with the Business Combination, stockholders owning 34,245,643 shares of JCIC Class A Ordinary Shares exercised their rights to have those shares redeemed for cash at a redemption price of approximately $10.16 per share, or an aggregate of approximately $347,800,000 million." Please disclose such amount of redemptions here and discuss the related amount of proceeds that you raised from the business combination and how such amount impacts your short- and long-term plans.

Principal Securityholders, page 127

4. We note your beneficial ownership disclosure and have the following comments:

- Please provide the information required by Item 403 of Regulation S-K with respect to your chief financial officer Eric Gerrat.

- Please disclose the natural persons with investment and/or voting control over Barings LLC.

- Please revise your beneficial ownership disclosure pertaining to the sponsor to also include the 9,400,000 shares of common stock underlying the sponsor's warrants, or tell us why you are not required to do so.

Timothy Sheehy
Bridger Aerospace Group Holdings, Inc.
February 7, 2023
Page 3

We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement.

Please contact Brian Fetterolf at 202-551-6613 or Donald Field at 202-551-3680 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Trade & Services

cc: Michael Heinz