{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-031473","form_type":"8-K","ticker":"CLAR","cik":"0000913277","company_name":"Clarus Corp","filed_at":"2024-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.267234+00:00","generated_at":"2026-06-05T03:18:21.835160+00:00","sec_items":["1.02","2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Clarus closes $175M sale of Precision Sport segment to JDH Capital; pays off all debt","bullets":["Sale of Sierra Bullets & Barnes Bullets for $175M cash (before ~$742 working capital adjustment) closed Feb 29, 2024.","Net proceeds ~$37.9M after repaying $122.6M outstanding credit facility & term loan; credit agreement terminated.","Pro forma loss from continuing ops of $92.8M (FY2022) and $8.6M (9mo2023) after removing segment revenues/expenses.","Company becomes pure-play outdoor business; investor day on March 11, 2024 to discuss strategy & growth.","Pro forma cash $56.1M, debt zero as of Sept 30, 2023 basis after sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-031473","json":"https://secwatch.observer/filing/0001104659-24-031473.json","markdown":"https://secwatch.observer/filing/0001104659-24-031473.md","text":"https://secwatch.observer/filing/0001104659-24-031473.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/0001104659-24-031473-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/tm248087d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T03:18:21.835160+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f6f78c34f51c9e4be8e8a095742a0742489af500","claim":"Clarus Corp completed a disposition involving Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company for $175 million (closed 2024-02-29).","evidence_excerpt":"the Company and Seller agreed to sell all of the equity associated with the Company’s Precision Sport segment, which is comprised of the Company’s subsidiaries Sierra and Barnes to the Buyer for a purchase price of $175 million","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/0001104659-24-031473-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company"},{"label":"Consideration","value":"$175 million"},{"label":"Closing","value":"2024-02-29"}],"fact_type":"ma_transaction"},{"claim_id":"24b7cd06a3dd52e8e6c857baf6ed52feb9d68631","claim":"Clarus Corp terminated Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (effective 2024-02-29).","evidence_excerpt":"Contemporaneous with the closing of the Sale Transaction (hereinafter defined), Clarus Corporation (the “Company”) directed $135,013,124 of the proceeds from the closing of the Sale Transaction to payoff any and all outstanding borrowings under that certain Amended and Restated Credit Agreement, dated April 18, 2022, by and among the Company, Black Diamond Retail, Inc., Black Diamond Retail – Alaska, LLC, Sierra Bullets, L.L.C. (“Sierra”), SKINourishment, LLC, Black Diamond Retail – Colorado, LLC, Black Diamond Retail – Montana, LLC, Black Diamond Retail – Wyoming, LLC, Barnes Bullets-Mona, LLC (“Barnes”), Black Diamond Retail – Oregon, LLC, Black Diamond Retail – Vermont, LLC (collectively with the Company, the “Borrowers”) and the other loan parties party thereto (together with the Borrowers, each a “Loan Party”, and collectively, the “Loan Parties”) and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) and the lenders party thereto (the “Amended and Res","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/0001104659-24-031473-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}