Bridger Aerospace Group Holdings Inc 2024年度报告

FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year endedDecember 31, 2024OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission file number:001-41603______________________ BRIDGER AEROSPACE GROUP HOLDINGS,INC. (Exact name of registrant as specified in its charter)______________________ (406)813-0079(Registrant’s telephone number, including area code)______________________ and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of RegulationS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, a smallerreporting company or an emerging growth company. (See definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany” and “emerging growth company” in Rule12b-2of the Exchange Act). If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of the Exchange Act).Yes☐No☒ The aggregate market value of Common Stock held by non-affiliates on June 28, 2024, the last business day of the registrant’s mostrecently completed second fiscal quarter, was approximately $78.1million. As of March10, 2025, there were54,218,024shares of Common Stock, $0.0001 par value, issued and outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement relating to the 2025 Annual Meeting of Stockholders, to be filed no later than120 days after the end of the fiscal year to which this Annual Report on Form10-Krelates, are incorporated by reference into Part IIIof this Annual Report on Form10-K where indicated. TABLE OF CONTENTS PART I Item 1. Business.Item 1A. Risk Factors.Item 1B. Unresolved Staff Comments.Item 1C. Cybersecurity.Item 2. Properties.Item 3. Legal Proceedings.Item 4 Mine Safety Disclosures. PART II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.44Item 6. [Reserved]44Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.45Item 7A. Quantitative and Qualitative Disclosures about Market Risk.61Item 8. Financial Statements and Supplementary Data.62Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.104Item 9A. Controls and Procedures.104Item 9B. Other Information.105Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.105 PART III Item 10. Directors, Executive Officers and Corporate Governance.106Item 11. Executive Compensation.106Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.106Item 13. Certain Relationships and Related Transactions, and Director Independence.106Item 14. Principal Accountant Fees and Services.106 PART IVItem 15. Exhibits and Financial Statement Schedules.Item 16. Form10-KSummary. 107111 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of the Private Securities Litigation ReformAct of 1995, that include risks and uncertainties. Statements that are not current or historical facts, including statements about thebeliefs and expectations of Bridger Aerospace Group Holdings, Inc. (the “Company,” “Bridger,” “we” or “us”), are forward-lookingstatements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,”“continue,” “