Material Agreement - Form 8-K

On April 15, 2024, Bridger Aerospace Group Holdings, Inc. (the "Company") entered into securities purchase agreements (each, a "Purchase Agreement" and, collectively, the "Purchase Agreements") with certain accredited investors (the "Purchasers"), pursuant to which the Company agreed to sell and issue to the Purchasers, severally, an aggregate of 2,183,366 shares (the "Shares") of common stock, $0.0001 par value per share, of the Company (the "Common Stock"), in a registered direct offering (the "Registered Offering"). 808,080 of the Shares are being sold to certain directors and executive officers of the Company at an offering price of $4.95 per Share, which was the closing bid price for shares of the Common Stock on the Nasdaq Global Market on April 15, 2024. The remaining 1,375,286 Shares are being sold in the Registered Offering at an offering price of $4.25 per Share.

The aggregate gross proceeds to the Company from the Registered Offering are expected to be approximately $9.8 million, before deducting fees payable to the Placement Agent (as defined below) and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the Registered Offering for working capital and general corporate purposes.

The Shares are being offered by the Company pursuant to an effective shelf registration statement on Form S-3 (File No. 333-276721) (the "Registration Statement") that was filed with the Securities and Exchange Commission ("SEC") on January 26, 2024 and declared effective on February 6, 2024 and a prospectus supplement dated April 15, 2024 that was filed with the SEC on April 15, 2024. The Registered Offering is expected to close on or about April 17, 2024, subject to the satisfaction of customary closing conditions.

Stifel, Nicolaus & Company, Incorporated (the "Placement Agent") acted as the sole placement agent for the Registered Offering.

Each of the Purchase Agreements contains customary representations, warranties, covenants and agreements by the Company, customary conditions to closing, indemnification obligations, other obligations of the parties and termination provisions. The representations, warranties and covenants contained in each of the Purchase Agreements were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreements, and may be subject to limitations agreed upon by the contracting parties.

The foregoing is only a summary of the terms of the Purchase Agreements and does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Purchase Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K. The opinion of Sidley Austin LLP, counsel to the Company, regarding the validity of the Shares is filed as Exhibit 5.1 to this Current Report on Form 8-K. This opinion is also filed with reference to, and is hereby incorporated by reference into, the Registration Statement.

This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the Shares discussed herein, nor shall there be any offer, solicitation, or sale of Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.