secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001104659-24-031473
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.02, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus closes $175M sale of Precision Sport segment to JDH Capital; pays off all debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/0001104659-24-031473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/tm248087d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-031473

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