Clarus (CLAR) Launches 2.75M Share Offering

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Go back to Clarus (CLAR) Launches 2.75M Share Offering

Clarus Corporation Announces Launch of Common Stock Offering

October 25, 2021 4:01 PM EDT

SALT LAKE CITY, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (Clarus and/or the Company), announced that it intends to offer, subject to market and other conditions, 2,750,000 shares of common stock registered under the Securities Act of 1933, as amended. The Company also expects to grant to the underwriters an option for 30 days to purchase up to an additional 412,500 shares of common stock.

The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital expenditures and potential acquisitions.

BofA Securities is acting as lead... More