Clarus Board of Directors Approves Two of Its Top Shareholders to Increase Their Positions up to 15.0% and 26.7% of Shares Outstanding
SALT LAKE CITY, March 08, 2024 (GLOBE NEWSWIRE) — The board of directors for Clarus Corporation (NASDAQ:CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, has approved the respective requests of two of its largest shareholders, Greenhouse Funds LLLP (“Greenhouse”) and Clarus Executive Chairman Warren Kanders and its affiliates (collectively, “Kanders”), to be permitted under the Company’s Rights Agreement dated as of February 12, 2008, to increase their beneficial ownership. Greenhouse and Kanders have been permitted to increase their positions to up to 15.0% and 26.7% of the Company’s outstanding shares of common stock, respectively.