Bridger Aerospace Group Holdings Investigated by Bragar Eagel & Squire for Potential Violations of Securities Laws

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) is currently under investigation by Bragar Eagel & Squire, P.C., a renowned stockholder rights law firm, on behalf of Bridger stockholders. The investigation aims to determine whether Bridger has violated federal securities laws or engaged in other unlawful business practices. Interested parties can participate in the action by clicking here.

On July 1, 2024, Bridger disclosed in a filing with the U.S. Securities and Exchange Commission that an error had been identified in the calculation of diluted earnings per share (EPS). This miscalculation affects the Company’s previously issued audited consolidated financial statements for the year ended December 31, 2023, as well as its unaudited interim condensed consolidated financial statements for the first three quarters of the same year. The error resulted from a misstatement of net income attributable to common stockholders – diluted and a difference in the weighted average common stock outstanding – diluted used in the determination of diluted EPS.

Bridger has stated its intention to restate the affected financial statements as soon as practicable. As a result of this news, Bridger’s stock price experienced a decline of $0.24 per share, or 6.42%, closing at $3.50 per share on July 1, 2024.

If you are a Bridger shareholder who suffered a loss, a long-term stockholder, or possess information related to these claims, Bragar Eagel & Squire encourages you to reach out to Brandon Walker or Marion Passmore via email at investigations@bespc.com or by phone at (212) 355-4648. You can also fill out a contact form to learn more about your rights or interests in these matters. It is important to note that there is no cost or obligation associated with contacting them.

Bragar Eagel & Squire, P.C. is a highly regarded law firm with offices in New York, California, and South Carolina. The firm specializes in representing individual and institutional investors in various complex litigation cases, including commercial, securities, and derivative matters, in state and federal courts nationwide. For more information about the firm, please visit www.bespc.com.

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