In a business environment where "speed is king," Clarus (NasdaqGS:CLAR) and its underwriters have shown both Utah and Wall Street what it means to move quickly after "pricing" and executing a "Public Offering" today.

Through its yeoman-like efforts (and the support of its underwriters), Clarus turned around a Public Offering roughly one day after filing its prospectus (via Form 424B5) with the U.S. Securities and Exchange Commission yesterday, as reported  by Silicon Slopes in "Clarus Announces Public Offering of 2.75 Million Shares,"

The upshot is that Clarus raised $74.25 million in "gross proceeds" today by selling 2.75 million shares on the NASDAQ Stock Market this morning.

The 2.75 million shares are separate from an over-allotment of up to 412,500 additional shares of Clarus common stock the "... underwriters have a 30-day option to purchase at the public offering price less the underwriting discount, to cover over-allotments, if any."

The company plans to use a portion of the net proceeds from the Public Offering to pay off, in full, $65 million in debt, with the remaining monies going toward general corporate purposes, including capital expenditures and potential acquisitions.

BofA Securities was the lead book-running manager and representative of the underwriters for the offering, with other underwriters including Stifel, Raymond James, and Roth Capital Partners.

According to its website, Clarus "... is a leading developer, manufacturer and distributor of best-in class outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport markets."

The Clarus portfolio of brands includes

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