Clarus (CLAR) Stock Falls Nearly 6% on Stock Offering

Clarus Corporation (NASDAQ: CLAR) shares fell 5.8% after-hours after the company announced it intends to offer 2,750,000 shares of its common stock, with the underwriters expected to be granted a 30-day option for purchasing up to an additional 412,500 shares.

The net proceeds from the offering, for which BofA Securities acts as lead book-running manager and Stifel, Raymond James and Roth Capital Partners as book-running managers, are expected to be used for general corporate purposes, including repayment of the debt, capital expenditures, and potential acquisitions.

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