Risk Factors Update Summary

• Addition of technology that does not rely on existing assets could reduce demand and revenue significantly.
• The Company issued 649,874 additional shares of Common Stock, potentially leading to dilution.
• Seasonal fluctuation in fighting forest fires led to a decrease in revenue for 2023.
• Bridger CEO ownership decreased from 53% to 41%, impacting significant stockholder influence.
• Reliance on a limited number of suppliers for raw materials may increase costs and impair services.
• Bridger CEO ownership decreased from 22% to 19%, affecting business influence.
• The inability to purchase additional CL-415EAF aircraft could impede revenue growth.
• The Company's critical accounting policies and estimates may impact financial results significantly.
• The Company is not in compliance with the debt service coverage ratio covenant as of December 31, 2023.
• The Company's results may fall below expectations due to changes in assumptions.
• The Company may issue additional shares of Common Stock, diluting ownership interest.
• The Company's accounting policies may change, affecting financial statements and reputation.
• The Company's ability to diligently prosecute cost reduction plans raises substantial doubt about its ability to continue.
• The Company's Warrants became exercisable, potentially leading to additional shares issuance.