---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-007943"
form_type: "8-K"
ticker: "CLFD"
cik: "0000796505"
company_name: "Clearfield, Inc."
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T07:07:22.665876+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Clearfield closes upsized $120M public stock offering, net proceeds $130.4M

## Summary
- Sold 1,380,000 shares (including full underwriter option exercise) at $100/share public price.
- Net proceeds to company of $130.4M before expenses; used for working capital and general corporate purposes.
- Cowen and Needham & Co. acted as joint book-running managers; 90-day lock-up for officers and directors.
- Offering closed on December 9, 2022; initial underwriter option for 180,000 shares exercised in full.

## SEC filing metadata
- accession: 0001171843-22-007943
- form_type: 8-K
- ticker: CLFD
- cik: 0000796505
- company_name: Clearfield, Inc.
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796505/000117184322007943/0001171843-22-007943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796505/000117184322007943/f8k_120922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-007943
- JSON: https://secwatch.observer/filing/0001171843-22-007943.json
- Plain text: https://secwatch.observer/filing/0001171843-22-007943.txt

## Key facts
- Material Agreements
  Clearfield, Inc. entered into Underwriting Agreement with Cowen and Company, LLC and Needham & Company, LLC valued at $130,410,000 (effective 2022-12-06).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Cowen and Company, LLC and Needham & Company, LLC
  - Value: $130,410,000
  - Effective: 2022-12-06
  source text: On December 6, 2022, Clearfield, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Cowen and Company, LLC and Needham & Company, LLC, each acting as representative of the several other underwriters named therein (collectively, the “Underwriters”), in connection with the underwritten public offering by the Company (the “Offering”) of 1,200,000 shares (the “Shares”) of the Company’s common stock, $0.01 par value (“Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/796505/000117184322007943/0001171843-22-007943-index.htm

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