Reported Earlier, Cadre Holdings Prices Public Primary And Secondary Offering Of 2.2M Common Share At $35/Share
Portfolio Pulse from Benzinga Newsdesk
Cadre Holdings, Inc. (CDRE) announced the pricing of a public offering of 3.64M shares at $35 each, including 2.2M shares from the company and 1.44M shares from Kanders SAF, LLC, owned by CEO Warren B. Kanders. The offering includes an option for underwriters to buy an additional 545,719 shares and is expected to close by March 19, 2024.
March 15, 2024 | 6:23 am
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Cadre Holdings, Inc. announces a public offering of 3.64M shares at $35 each, with a mix of company and CEO-owned shares, expected to close by March 19, 2024.
The public offering of shares by Cadre Holdings could dilute existing shareholders but also provides the company with capital for growth. The impact on the stock price could be neutral in the short term as the market absorbs the new shares and evaluates the use of proceeds.
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IMPORTANCE 75
RELEVANCE 100