other material
confidence high
sentiment neutral
materiality 0.70
Cadre Holdings prices upsized public offering of 4M shares at $23.50/sh, net ~$49.7M for debt reduction
Cadre Holdings, Inc.
- Primary offering upsized to 2.25M shares; secondary 1.75M shares; all priced at $23.50/sh.
- Net proceeds to company ~$49.7M to reduce debt and for general corporate purposes.
- Underwriters have 30-day option to purchase up to 600k additional shares.
- Selling stockholders receive all proceeds from secondary shares; company gets none.
- Underwriting discount 6% ($1.41/sh); offering closed June 14, 2022.