Cadre announces 3.475M share offering of common stock

Cadre Holdings announced the commencement of a proposed public offering of 3.475M shares of its common stock, of which 2.2M shares of common stock will be offered by the company and 1.275M shares of common stock will be offered by Kanders SAF, an entity wholly-owned by Warren Kanders, the Chairman of the company’s Board of Directors and CEO. Cadre intends to grant the underwriters a 30-day option to purchase up to an additional 521,250 shares of common stock. Cadre intends to use the net proceeds received from the offering for general corporate purposes. The Selling Stockholder will receive the net proceeds from the sale of shares of common stock sold by it in the offering. BofA Securities is acting as lead book-running manager for the offering.