NetworkNewsBreaks – Clarus Corporation (NASDAQ: CLAR) closes on $85M Public Offering
Clarus Corporation (NASDAQ: CLAR), a leading designer, developer, manufacturer and distributor of best-in-class outdoor equipment and lifestyle products, announced that it has completed a previously announced underwritten public offering. The offering, which resulted in $85 million in gross proceeds for the company, was comprised of 3,162,500 shares of CLAR common stock, including 412,500 shares pursuant to the full exercise of the over-allotment option granted to the underwriters. According to the company, the shares were sold at $27 per share. The company plans to use the net proceeds for repayment of debt, capital expenditures and potential acquisitions as well as other…







