Cadre Holdings Announces Launch of Public Primary and Secondary Offering of Common Stock
March 13 2024 - 4:15PM
Business Wire
Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a
global leader in the manufacturing and distribution of safety
equipment for professionals, today announced the commencement of a
proposed public offering of 3,475,000 shares of its common stock,
of which 2,200,000 shares of common stock will be offered by the
Company and 1,275,000 shares of common stock will be offered by
Kanders SAF, LLC (the “Selling Stockholder”), an entity
wholly-owned by Mr. Warren B. Kanders, the Chairman of the
Company’s Board of Directors and Chief Executive Officer. Cadre
intends to grant the underwriters a 30-day option to purchase up to
an additional 521,250 shares of common stock.
Cadre intends to use the net proceeds received from the offering
for general corporate purposes. The Selling Stockholder will
receive the net proceeds from the sale of shares of common stock
sold by it in the offering.
BofA Securities is acting as lead book-running manager for the
offering.
The Company has filed a registration statement on Form S-3
(Registration No. 333-271328) (including a base prospectus), which
has been declared effective by the Securities and Exchange
Commission (“SEC”). The Company has also filed a preliminary
prospectus supplement with the SEC for the offering. The offering
will be made only by means of a prospectus supplement and an
accompanying prospectus.
You may get these documents for free by visiting EDGAR on the
SEC website at www.sec.gov. Alternatively, copies of the
preliminary prospectus supplement and accompanying prospectus, as
well as copies of the final prospectus supplement, once available,
may be obtained by contacting: BofA Securities, 201 North Tryon
Street, Charlotte, NC 28255, Mail Code NC1-022-02-25, Attention:
Prospectus Department or by email at
dg.prospectus_requests@bofa.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Cadre
Headquartered in Jacksonville, Florida, Cadre is a global leader
in the manufacturing and distribution of safety products. Cadre's
equipment provides critical protection to allow users to safely and
securely perform their duties and protect those around them in
hazardous or life-threatening situations. The Company's core
products include body armor, explosive ordnance disposal equipment,
duty gear and nuclear safety products. Our highly engineered
products are utilized in over 100 countries by federal, state and
local law enforcement, fire and rescue professionals, explosive
ordnance disposal teams, and emergency medical technicians. Our key
brands include Safariland® and Med-Eng®, amongst others.
Forward-Looking Statements
Except for historical information, certain matters discussed in
this press release may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include but are not limited to all
projections and anticipated levels of future performance.
Forward-looking statements involve risks, uncertainties and other
factors that may cause our actual results to differ materially from
those discussed herein. Any number of factors could cause actual
results to differ materially from projections or forward-looking
statements, including without limitation, our ability to complete
the common stock offering on the proposed terms, or at all; and our
expectations related to the use of proceeds from the shares of
common stock offered by the Company. More information on potential
factors that could affect the Company’s financial results are more
fully described from time to time in the Company’s public reports
filed with the Securities and Exchange Commission, including the
Company’s Annual Report on Form 10-K, Quarterly Reports on Form
10-Q, and Current Reports on Form 8-K. All forward-looking
statements included in this press release are based upon
information available to the Company as of the date of this press
release, and speak only as of the date hereof. We assume no
obligation to update any forward-looking statements to reflect
events or circumstances after the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240313552270/en/
Gray Hudkins Cadre Holdings, Inc. 203 550 7148
gray.hudkins@cadre-holdings.com
Investor Relations: The IGB Group Leon Berman / Matt
Berkowitz 212 477 8438 / 212 227 7098 lberman@igbir.com /
mberkowitz@igbir.com
Media Contact: Jonathan Keehner / Andrew Siegel Joele
Frank, Wilkinson Brimmer Katcher 212 355 4449
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