Shares of safety and survivability equipment maker Cadre Holdings, Inc. (CDRE) are falling more than 10% Tuesday morning after the company priced previously announced secondary offering of 1.5 million shares at $19 per share.
All shares are being offered by Kanders SAF, LLC, a limited liability company owned by Warren Kanders, who is the Chief Executive Officer of the company.
The company will not receive any proceeds from the offering, which is expected to close by June 8.
CDRE is at $19.58 currently. It has traded in the range of $16.58 - $31.50 in the last 52 weeks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.