Clarus Corporation, parent of Black Diamond Equipment and Gregory Mountain Products, filed a shelf-registration statement with the Securities & Exchange Commission to sell up to $250 million in debt securities.
Additionally, the shelf registration statement includes the registration of up to 4.2 million shares of Clarus common stock for resale by certain selling stockholders of Clarus, of which 3.7 million shares are subject to a lock-up agreement expiring May 28, 2012.
The proceeds of any offering by the company are anticipated to be used in the strategic development and growth of the company's business, both organically and through acquisition. The company will not receive any proceeds from any sale of the shares owned by the Selling Stockholders.
