Cadre Holdings, Inc. Files 8-K for Material Agreement
Ticker: CDRE · Form: 8-K · Filed: Mar 19, 2024 · CIK: 1860543
| Field | Detail |
|---|---|
| Company | Cadre Holdings, INC. (CDRE) |
| Form Type | 8-K |
| Filed Date | Mar 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $35.00, $1.575, $73,535,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
CADRE files 8-K for a major new deal.
AI Summary
On March 14, 2024, Cadre Holdings, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and headquartered in Jacksonville, Florida.
Why It Matters
This filing indicates a significant new agreement for Cadre Holdings, Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- Cadre Holdings, Inc. (company) — Registrant
- March 14, 2024 (date) — Date of earliest event reported
- Jacksonville, Florida (location) — Principal executive offices location
- Delaware (location) — State of incorporation
FAQ
What type of Material Definitive Agreement did Cadre Holdings, Inc. enter into?
The filing does not specify the exact nature of the Material Definitive Agreement, only that one was entered into on March 14, 2024.
What is the primary business of Cadre Holdings, Inc.?
Cadre Holdings, Inc. is in the business of Orthopedic, Prosthetic & Surgical Appliances & Supplies, as indicated by its SIC code 3842.
Where are Cadre Holdings, Inc.'s principal executive offices located?
The principal executive offices of Cadre Holdings, Inc. are located at 13386 International Pkwy, Jacksonville, Florida 32218.
When was this 8-K filing submitted?
This 8-K filing was submitted on March 19, 2024.
What is the Commission File Number for Cadre Holdings, Inc.?
The Commission File Number for Cadre Holdings, Inc. is 001-40698.
Filing Stats: 1,015 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-03-19 16:16:09
Key Financial Figures
- $0.0001 — f the Company's common stock, par value $0.0001 per share (the "Common Stock") by the C
- $35.00 — tockholder, at a price to the public of $35.00 per share. The Selling Stockholder is w
- $1.575 — rs received an underwriting discount of $1.575 per share, in connection with the sale
- $73,535,000 — ng, before expenses, were approximately $73,535,000. The Company intends to use the net pro
Filing Documents
- tm248970d1_8k.htm (8-K) — 30KB
- tm248970d1_ex1-1.htm (EX-1.1) — 238KB
- tm248970d1_ex5-1.htm (EX-5.1) — 15KB
- tm248970d1_ex5-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-036150.txt ( ) — 518KB
- cdre-20240314.xsd (EX-101.SCH) — 3KB
- cdre-20240314_lab.xml (EX-101.LAB) — 33KB
- cdre-20240314_pre.xml (EX-101.PRE) — 22KB
- tm248970d1_8k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive
Item 1.01. Entry into a Material Definitive Agreement On March 14, 2024, Cadre Holdings, Inc., a Delaware corporation (the "Company"), entered into an underwriting agreement (the "Underwriting Agreement"), among the Company, Kanders SAF, LLC, a Delaware limited liability company and a stockholder of the Company (the "Selling Stockholder"), and BofA Securities, Inc. ("BofA"), as representative of the several underwriters named therein (collectively, the "Underwriters"), relating to the primary public offering (the "Primary Offering") of 2,200,000 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock") by the Company and the secondary offering (the "Secondary Offering" and together with the Primary Offering, collectively hereinafter referred to as the "Offering") of 1,438,127 shares of Common Stock by the Selling Stockholder, at a price to the public of $35.00 per share. The Selling Stockholder is wholly-owned by Mr. Warren B. Kanders, who is the Chairman of the Company's Board of Directors and the Chief Executive Officer of the Company. The Underwriters received an underwriting discount of $1.575 per share, in connection with the sale of the shares of Common Stock in the Offering. The net proceeds to the Company from the Primary Offering, before expenses, were approximately $73,535,000. The Company intends to use the net proceeds that it receives in the Primary Offering for general corporate purposes. The Company will not receive any proceeds from the sale of shares of Common Stock by the Selling Stockholder in the Secondary Offering. In addition, the Company granted the Underwriters a 30-day option to purchase up to 545,719 additional shares of Common Stock on the same terms and conditions as provided in the Underwriting Agreement. The closing of the Offering occurred on March 19, 2024. The Underwriting Agreement contains customary representations, warranties and covenants of the Company, indemnification rights and obligations of
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Description 1.1 Underwriting Agreement, dated as of March 14, 2024, by and among Cadre Holdings, Inc., Kanders SAF, LLC, and BofA Securities, Inc., as representative of the several underwriters named therein. 5.1 Opinion of Kane Kessler, P.C. 23.1 Consent of Kane Kessler, P.C. (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 19, 2024 CADRE HOLDINGS, INC. By: /s/ Blaine Browers Name: Blaine Browers Title: Chief Financial Officer