Clarus (CLAR) Prices 2.75M Share Offering

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Go back to Clarus (CLAR) Prices 2.75M Share Offering

Clarus Corporation Announces Pricing of Common Stock Offering

October 26, 2021 9:33 PM EDT

SALT LAKE CITY, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (Clarus and/or the Company), announced today that it has priced an underwritten public offering of 2,750,000 shares of its common stock for total expected gross proceeds of $74,250,000, before underwriting fees and estimated offering expenses. The Company also granted the underwriters an option for 30 days to purchase up to an additional 412,500 shares of common stock. The offering is subject to customary closing conditions and is expected to close on October 29, 2021.

The Company intends to use the net proceeds from the offering for general... More