Cadre Holdings (NYSE: CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, has closed an underwritten public offering of 4,000,000 shares of its common stock, which includes 2,250,000 primary shares of common stock by the company and 1,750,000 secondary shares of common stock by certain selling stockholders. The shares were sold at a public offering price of $23.50 per share. The company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock. Cadre intends to use the net proceeds to reduce outstanding indebtedness as well as for general corporate purposes. Selling stockholders will receive all net proceeds from the sale of shares of common stock sold by them in the offering. Roth Capital Partners acted as co-manager for the offering.
To view the full press release, visit https://ibn.fm/3ROx6
About Cadre Holdings Inc.
Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety and survivability products for first responders. Cadre’s equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. The company’s core products include body armor, explosive ordnance disposal equipment and duty gear. Its highly engineered products are utilized by domestic and international first responders in state and local law enforcement, fire and rescue, explosive ordnance disposal, emergency medical technicians, as well as numerous federal agencies and foreign government agencies in 104 countries. Cadre’s key brands include Safariland(R) and Med-Eng(R), amongst others. For more information, please visit www.Cadre-Holdings.com.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.