SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bridger Aerospace Group Holdings, Inc. - BAER

NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Bridger Aerospace Group Holdings, Inc. ("Bridger" or the "Company") (NASDAQ: BAER).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Bridger and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On July 1, 2024, Bridger disclosed in a filing with the U.S. Securities and Exchange Commission that "[i]n response to a comment letter from the staff of the [SEC], Company management has identified an error in the calculation of diluted EPS.  The miscalculation affects the Company's previously issued audited consolidated financial statements as of and for the year ended December 31, 2023 and its previously issued unaudited interim condensed consolidated financial statements for each of the first three quarters in the year ended December 31, 2023 (collectively, the 'Affected Financials') resulting from a miscalculation of net income (loss) attributable to common stockholders - diluted (the 'numerator') used in the determination of net income (loss) per common stock - diluted ('diluted EPS') and a difference in the weighted average common stock outstanding – diluted (the 'denominator') used in the determination of the shares outstanding for diluted EPS for the three months ended March 31, 2023, the six months ended June 30, 2023, the three and nine months ended September 30, 2023, and for the year ended December 31, 2023.  The error resulted in a misstatement of diluted EPS in each of the Affected Financials."  Accordingly, Bridger stated that it "intends to restate the Affected Financials . . . as soon as practicable."

More on EntSun News

• JGCMGS Details Architecture to Safeguard Assets From Unauthorized Phishing Scams
• JEGS Launches Modern, Secure Payments Powered by PhaseZero.ai
• 21 Days: The Malta Deadline That Could Redraw the Finnish Online Casino Map
• U.S. Government Contracts in Excess of 38 Million Secured Through Partner, Establishing Multi-Year Defense Revenue Platform Through 2032: $BLIS
• New Report Reveals Surprising Trends in Ohio Airport Accidents

On this news, Bridger's stock price fell $0.24 per share, or 6.42%, to close at $3.50 per share on July 1, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]

More on EntSun News

• Why Your Berberine Failed: RevGenetics Unveils the Absorption Gap Solution
• WCC Kitchens and Cabinets Featured on Selling Houses Australia
• Cat Hunt Simulator : Burrow & Pounce Lands on the App Store
• Shincheonji Marks 42nd Anniversary: From a Basement to a Denomination Growing by Tens of Thousands Annually
• Spark Joshi spotlights the stars of Japanese womens wrestling in Las Vegas on WrestleMania weekend

646-581-9980 ext. 7980

SOURCE Pomerantz LLP

---

Show All News | Report Violation