5.11 Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

Rhea-AI Summary

Compass Diversified's subsidiary, 5.11 ABR Corp., has confidentially filed a draft registration statement on Form S-1 with the SEC for its planned initial public offering (IPO). The specific number of shares and pricing details remain undetermined, with the IPO expected to launch after SEC review and contingent upon market conditions. This announcement follows Rule 135 under the Securities Act of 1933, indicating it does not constitute an offer to sell or solicit purchases of securities.

Positive

• Confidentially filed for IPO, indicating potential for future capital raising.
• The IPO is expected to provide liquidity and growth opportunities for the subsidiary.

Negative

• No specific share count or pricing provided, which may lead to uncertainty.
• Potential delays in obtaining necessary regulatory approvals could impact the IPO timeline.

IRVINE, Calif., Aug. 10, 2021 (GLOBE NEWSWIRE) -- 5.11 ABR Corp., a Compass Diversified (NYSE: CODI) subsidiary, today announced that it confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to the expectations related to the sale of Liberty. Words such as "believes," "expects," “anticipates,” “intends,” "projects," “assuming,” and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, including, but not limited to, risks associated with the disposition of Liberty generally, such as the inability to obtain, delays in obtaining, or the imposition of burdensome conditions imposed in connection with obtaining regulatory approval and the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement entered into for the disposition of Liberty. Certain other factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2020 and other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

For Investor Relations
The IGB Group
Leon Berman
212-477-8438
lberman@igbir.com

For Media
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner / Kate Thompson / Lyle Weston
212-355-4449

FAQ

What is the purpose of the Form S-1 registration statement filed by CODI?

The Form S-1 registration statement is for the planned initial public offering of 5.11 ABR Corp.'s common stock, aiming to raise capital.

When is the IPO for 5.11 ABR Corp. expected to take place?

The IPO is expected to commence after the SEC completes its review process, subject to market conditions.

What are the risks associated with the IPO of CODI's subsidiary?

Risks include potential delays in regulatory approvals and uncertainties related to the final number of shares and pricing for the offering.

How might the IPO impact shareholders of CODI?

The IPO could potentially enhance liquidity and growth prospects for CODI, but it also introduces uncertainties regarding share structure and market conditions.