other material
confidence high
sentiment neutral
materiality 0.60
Clarus permits Greenhouse and Kanders to increase stakes to 15% and 26.7% under poison pill waiver
Clarus Corp
- Greenhouse (current ~11.9% owner) approved to acquire up to 15.0% of CLAR common stock within 12 months.
- Executive Chairman Warren Kanders (current ~16.7%) approved to acquire up to 26.7% within 12 months.
- Waivers terminate if either party's ownership falls below 9.9%; new board approval required to exceed that threshold.
- Approvals are conditioned on not exceeding the stated caps and apply to the 2008 Rights Agreement.