By Josh BeckermanShares of Bridger Aerospace Group Holdings Inc. are on pace for another daily decline after more than doubling in their Wednesday debut after a blank-check company merger. The aerial firefighting company's shares were recently down 31% at $13.02. The stock closed at $22.08 on Wednesday, compared with the $10.19 Tuesday close for Jack Creek Investment Corp., the special purpose acquisition company that merged with Bridger on Tuesday. A securities filing on Friday discussed topics including deal consideration, ownership stakes and executive compensation. Bridger said in August that the combination would value it at an implied $869 million pro forma enterprise value.

Source: Wall Street Journal January 28, 2023 06:09 UTC