Cadre Holdings Inc, a first responders’ safety equipment manufacturer, has filed Amendment No 1 to Form S-1 Registration Statement on June 27, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $125 million by offering 7.1 million shares at a price range of $16 to $19. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $606 million.
The company manufacture equipment that provides critical protection to allow its users to perform their duties and protect those around them in hazardous or life-threatening situations safely and securely. Their sell a wide range of products including body armor, explosive ordnance disposal equipment and duty gear through both direct and indirect channels.
The Jacksonville, Florida-based company was founded in 2012 and booked $417 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol “CDRE.” Stifel, Raymond James, Truist Securities, and Stephens Inc. are underwriters of the IPO.
The company engages Kane Kessler, P.C. as US Securities Counsel, and KPMG LLP as Independent Auditor.
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