JACKSONVILLE, Fla. - Cadre Holdings, Inc. (NYSE:CDRE), known for manufacturing and distributing safety equipment, has initiated a public offering of 3,475,000 shares of common stock.
The company itself is offering 2,200,000 shares, while the remaining 1,275,000 shares are being sold by Kanders SAF, LLC, owned by Cadre's Chairman and CEO Warren B. Kanders. Cadre also plans to provide underwriters a 30-day option to purchase an additional 521,250 shares.
The proceeds from the company's sale are intended for general corporate purposes, while Kanders SAF, LLC will retain the proceeds from its share sales. BofA Securities has been appointed as the lead book-running manager for the offering.
The offering is based on a registration statement, which includes a base prospectus, previously filed with and declared effective by the Securities and Exchange Commission (SEC). A preliminary prospectus supplement has also been filed with the SEC. Interested parties can obtain these documents through the SEC's EDGAR system or directly from BofA Securities.
This press release should not be considered as an offer to sell or a solicitation of an offer to buy any securities, and the sale of these securities will not be lawful in any state or jurisdiction where such offer, solicitation, or sale would be illegal before registration or qualification under the securities laws of such state or jurisdiction.
Cadre Holdings, headquartered in Jacksonville, Florida, is a significant player in the safety products market, providing equipment such as body armor, explosive ordnance disposal gear, and nuclear safety products. Their products are used globally by various law enforcement, fire and rescue, and emergency medical services.
The information in this article is based on a press release statement from Cadre Holdings, Inc. and does not constitute financial advice or an endorsement of the company's stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.