---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-130479"
form_type: "8-K"
ticker: "CDRE"
cik: "0001860543"
company_name: "Cadre Holdings, Inc."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T06:03:42.242198+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cadre Holdings acquires ICOR Technology for up to C$60M in cash

## Summary
- Purchaser (Cadre subsidiary) to buy all ICOR shares from several vendors for up to C$60M; ~C$52M payable at closing.
- ICOR designs and manufactures robotics, security products, and explosive ordnance disposal (EOD) equipment.
- Earnout adjustment: purchase price may be reduced if ICOR fails to achieve C$86M cumulative revenue over three years post-closing.
- Closing subject to customary conditions, including no material adverse change, accuracy of reps, and regulatory approvals.
- Deal expected to close in early 2024; funded with cash on hand.

## SEC filing metadata
- accession: 0001104659-23-130479
- form_type: 8-K
- ticker: CDRE
- cik: 0001860543
- company_name: Cadre Holdings, Inc.
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1860543/000110465923130479/0001104659-23-130479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1860543/000110465923130479/tm2333719d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-130479
- JSON: https://secwatch.observer/filing/0001104659-23-130479.json
- Plain text: https://secwatch.observer/filing/0001104659-23-130479.txt

## Key facts
- Material Agreements
  Cadre Holdings, Inc. entered into Share Purchase Agreement with Hany Guirguis, 2491189 Ontario Inc., the Guirguis Family Trust, Alexander Grant, 2491191 Ontario Inc., the Grant Family Trust, Kenneth Molnar, 2491190 Ontario Inc. and the Molnar Family Trust valued at up to $60,000,000 Canadian Dollars (effective 2023-12-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Hany Guirguis, 2491189 Ontario Inc., the Guirguis Family Trust, Alexander Grant, 2491191 Ontario Inc., the Grant Family Trust, Kenneth Molnar, 2491190 Ontario Inc. and the Molnar Family Trust
  - Value: up to $60,000,000 Canadian Dollars
  - Effective: 2023-12-22
  source text: On December 22, 2023, 1000694376 ONTARIO INC. (“Purchaser”), a corporation existing under the laws of the Province of Ontario and an indirect wholly-owned subsidiary of Cadre Holdings, Inc. (the “Company”), entered into a Share Purchase Agreement (the “Purchase Agreement”) by and among the Purchaser, Hany Guirguis, 2491189 Ontario Inc., the Guirguis Family Trust, Alexander Grant, 2491191 Ontario Inc., the Grant Family Trust, Kenneth Molnar, 2491190 Ontario Inc. and the Molnar Family Trust (collectively, the “Vendors”), to purchase all of the issued and outstanding shares in the capital (the “Purchased Shares”) of ICOR Technology Inc. (“ICOR”), a corporation incorporated under the laws of the Province of Ontario.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1860543/000110465923130479/0001104659-23-130479-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.