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Bridger Aerospace Group (NASDAQ: BAER) shares rose as much as 182% on Friday amid an SEC Form 13D filing by a group of investors.
Shares of the aerial firefighting service provider opened at $10.02, jumping to a high of $12.45 earlier falling to a low of $7.15 by mid-morning. The stock recently changed hands at $8.89, up 100% from Thursday’s close of $4.42 at approximately 1:30 pm ET.
Bridger went public on January 25 following a merger with SPAC Jack Creek Investment Corp. The shares ended their first post-merger session up 117% at $22.08.
Bridger did not appear to publish any news on Friday, but a group of investors did. file a Form 13D with the SEC stating that they held a 22.4% stake in the company. The group included Jack Creek sponsor JCIC, KSH Capital and senior management from both entities.
For more on Bridger, check out “Bridger Aerospace Isn’t Worth a Flyer” by Vince Martin.
