secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cadre Holdings, Inc. (CDRE)
CIK:        0001860543
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001104659-23-130479
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860543/000110465923130479/0001104659-23-130479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860543/000110465923130479/tm2333719d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-130479

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer