Cadre Holdings Announces Pricing of Secondary Offering of Common Stock

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Jun 06, 2023

Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, today announced the pricing of the previously announced secondary offering of 1,500,000 shares of the Company’s common stock (the “Offering”) at a public offering price of $19.00 per share. All shares are being offered by Kanders SAF, LLC (the “Selling Stockholder”), which is a limited liability company wholly-owned by Mr. Warren Kanders, who is the Chairman of the Company’s Board of Directors and the Chief Executive Officer of the Company. The Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of the Company’s common stock. The Offering is expected to close on or about June 8, 2023, subject to the satisfaction of customary closing conditions.