Kanders GMP Holdings Amends Clarus Corp Filing

TL;DR

Kanders GMP Holdings filed an amendment for Clarus Corp. Ownership details updated.

AI Summary

On March 12, 2024, Warren B. Kanders, through Kanders GMP Holdings, LLC, filed an amendment (No. 16) to their Schedule 13D for Clarus Corporation. This filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The filing relates to Clarus Corporation, formerly known as Black Diamond, Inc., and SQL Financials International Inc.

Why It Matters

This amendment signals potential shifts in significant ownership stakes, which could influence Clarus Corporation's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership by major shareholders, which can lead to increased stock volatility.

Key Numbers

• 16 — Amendment Number (Indicates this is the 16th amendment to the filing, suggesting ongoing activity or adjustments by the filer.)

Key Players & Entities

• Warren B. Kanders (person) — Filing party and beneficial owner
• Kanders GMP Holdings, LLC (company) — Filing entity and holder of beneficial ownership
• Clarus Corporation (company) — Subject company
• Black Diamond, Inc. (company) — Former name of Clarus Corporation
• SQL Financials International Inc (company) — Former name of Clarus Corporation
• Robert L. Lawrence, Esq. (person) — Legal counsel for filing party
• Kane Kessler, P.C. (company) — Law firm representing filing party

FAQ

Key Financial Figures

• $0.0001 — ATION (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securitie

Filing Documents

• tm248513d1_sc13da.htm (SC 13D/A) — 41KB
• 0001104659-24-033471.txt ( ) — 43KB

Contracts, Arrangements, Understandings

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. On March 8, 2024, the Company delivered a letter (the “Letter”) to Mr. Kanders approving the request for the Reporting Persons to be permitted under the Company’s Rights Agreement dated as of February 12, 2008 to increase their beneficial ownership to up to 26.7% of the Company’s outstanding shares of Common Stock. Such approval set forth in the Letter is conditioned upon, and subject to: (i) the Reportng Persons not increasing their beneficial ownership to in excess of 26.7% of the Company’s outstanding shares of Common Stock; and (ii) the Reporting Persons increasing their beneficial ownership to up to 26.7% of the Company’s outstanding shares of Common Stock, if at all, on or before the twelve month anniversary of the date of the Letter. Furthermore, in the event that the Reporting Persons reduce their beneficial ownership to below 9.9% of the Company’s outstanding shares of Common Stock, the Letter shall immediately terminate and the Reporting Persons would need to obtain a new approval from the Company’s Board of Directors before seeking to again increase their beneficial ownership to in excess of 9.9% of the Company’s outstanding shares of Common Stock.

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits Exhibit Number Description 1 Letter to Warren B. Kanders dated March 8, 2024 (filed as Exhibit 99.2 to Clarus Corporaton’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 8, 2024 and incorporated herein by reference). SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: March 12, 2024 /s/ Warren B. Kanders Warren B. Kanders KANDERS GMP HOLDINGS, LLC By: /s/ Warren B. Kanders Name: Warren B. Kanders Title: Managing Member

View Full Filing

View this SC 13D/A filing on SEC EDGAR