Clarus Corporation announced that, as a result of equity capital markets volatility it has decided not to proceed with its previously announced proposed registered offering of convertible senior notes due 2026 in the aggregate amount of $85 million.
Management determined that, because the proposed transaction was opportunistic in nature and the terms and conditions offered to Clarus did not meet its expectations or recognize the future value expected for Clarus stockholders, it was inadvisable to proceed with the offering at this time.
Clarus’ portfolio of brands includes Black Diamond, Sierra, Barnes, PIEPS, and SKINourishment .
Photo courtesy Black Diamond
