Cadre Holdings Inc. (CDRE) Prices 6M Share IPO at $13/sh

Cadre Holdings Inc. (NYSE: CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, today announced the pricing of its initial public offering of 6,000,000 shares of common stock at a public offering price of $13.00 per share. The Company has granted the underwriters a 30-day over-allotment option to purchase up to an additional 900,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange (the "NYSE") on November 4, 2021, under the ticker symbol "CDRE." The offering is expected to close on November 8, 2021, subject to the satisfaction of customary closing conditions.

Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $78 million, excluding any exercise of the underwriters' option to purchase additional shares. Cadre expects to receive approximately $68 million in net proceeds from the offering. Cadre intends to use the net proceeds of the offering to repay outstanding borrowings and for general corporate purposes.

Stifel, Raymond James and B. Riley Securities are acting as lead bookrunning managers for the offering. Stephens Inc. is also acting as a bookrunning manager. Roth Capital Partners and Lake Street are acting as co-managers.

A registration statement on Form S-1 relating to the shares being sold in this offering was declared effective by the Securities and Exchange Commission ("SEC") on November 3, 2021. The offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus related to this offering may be obtained, when available, from Stifel, Nicolaus & Company, Incorporated, One South Street, 15th Floor, Baltimore, MD 21202, Attention: Syndicate Department, email: [email protected]; Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, Attention: Equity Syndicate, email: [email protected]; or B. Riley Securities, Inc., 1300 17th Street North, Suite 1300, Arlington, VA 22209, Attention: Prospectus Department, email: [email protected]; or on the website maintained by the Securities and Exchange Commission at http://www.sec.gov/.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

You May Also Be Interested In

• DeFi Development Corp. plans $20M preferred stock offering
• S&P Global completes sale of energy software portfolio to SLB
• CleanCore Solutions rebrands as Zone Frontier, shifts to AI data centers