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.
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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.
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