other material
confidence high
sentiment neutral
materiality 0.30
Clarus permits Thrivent to raise stake to up to 9.9% subject to conditions
Clarus Corp
- Thrivent approved to increase beneficial ownership above 4.9% but not above 9.9% of Clarus common stock.
- Thrivent must remain eligible to file Schedule 13G (passive investor status).
- Increase must occur within 12 months; approval terminates if ownership later drops below 4.9%.
- Waiver granted under Clarus' Rights Agreement dated February 12, 2008.