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Chairman & CEO
Managing Director &
Co-Head of Consumer
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
Cadre Holdings, Inc. (NYSE:CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, has closed its initial public offering of 6,900,000 shares of common stock, which includes 900,000 shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at the public offering price of $13.00 per share, resulting in gross proceeds of approximately $90 million. The shares began trading on the New York Stock Exchange on November 4, 2021 under the ticker symbol "CDRE."
The Company intends to use the net proceeds of the offering to repay outstanding borrowings and for general corporate purposes.
Roth Capital Partners acted as co-manager for the offering.
About Cadre Holdings, Inc.
Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety and survivability products for first responders. Cadre's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. The Company's core products include body armor, explosive ordnance disposal equipment, and duty gear. Our highly engineered products are utilized by domestic and international first responders in state and local law enforcement, fire and rescue, explosive ordnance disposal, emergency medical technicians, as well as numerous federal agencies and foreign government agencies in 104 countries. Our key brands include Safariland® and Med-Eng®, amongst others. For more information, please visit www.Cadre-Holdings.com. (Source: Company Press Release | 11.4.21)
About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.
Date of Announcement: 11.23.21
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