Bookrunner
Cadre Holdings, Inc.
Equity Capital Markets
Follow-On Offering
Transaction Details
On March 14, 2024, Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or the “Company”) announced the
pricing of an underwritten public offering of 3,638,127 shares of its common stock at a public offering price of $35.00 per share
- The offering consisted of 2,200,000 primary shares offered by the Company and 1,438,127 secondary shares offered by Kanders SAF, LLC, an entity wholly-owned by Mr. Warren B. Kanders, the Chairman of the Company’s Board of Directors and Chief Executive Officer
- Cadre also granted the underwriters a 30-day option to purchase up to an additional 545,719 primary shares of its common stock
Cadre intends to use the net proceeds that it receives from the offering for general corporate purposes
- The Company will not receive any proceeds from the sale of shares by the selling stockholder
About the company
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. Cadre’s 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. Cadre’s key brands include Safariland® and Med-Eng®, amongst others.
Sources: Company filings and press release.
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This material has been prepared solely for informative purposes as of its date of preparation. It is not a solicitation, recommendation or offer to buy or sell any security and does not provide information on which an investment decision to purchase or sell any securities could be based. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources that we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information remains current at any time after the date of preparation of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.
The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following
link: https://www.sec.gov/Archives/edgar/data/1860543/000110465924033941/tm248542-1_424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.“Stephens” (the company brand name) is a leading family-owned investment firm that includes Stephens Inc. (member NYSE/SIPC), Stephens Investment Management Group, LLC, Stephens Insurance, LLC, Stephens Capital Partners LLC and Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024), which is authorised and regulated by the Financial Conduct Authority. © 2024 Stephens.
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