Bridger Aerospace, a company founded by Republican Senate candidate Blake Sheehy, has raised significant funds through private equity investments and public offerings. The company's aviation services and technology spin-offs have generated substantial revenue growth. However, Bridger has also reported recurring losses and debt. In 2022, the company lost $42 million and had net debt of $178 million. A recent merger with a Special Purpose Acquisition Company (SPAC) did not raise fresh capital. The company's financial challenges led to several executive departures and a warning from its auditor regarding substantial doubt about Bridger's future.

Source: https://www.ft.com/content/2be8dcec-396e-4bc3-8f27-a7e324cc56c2