20. SUBSEQUENT EVENTS

In January 2026, the Company completed the acquisition of TYR Tactical, LLC (“TYR”) and certain real property owned by an affiliate of TYR for approximately $174,000. The purchase consideration was comprised of $150,000 of cash and $24,000 of Cadre common stock, subject to finalization of normal working capital adjustments.

The acquisition will be accounted for using the acquisition method of accounting whereby the acquired assets and liabilities of TYR will be recorded at their respective fair values and added to those of the Company, including an amount for goodwill representing the difference between the acquisition consideration and the fair value of the identifiable net assets. Results of operations of TYR will be included in the operations of the Company beginning on the closing date. As of the date of the filing of this Form 10-K, the initial purchase price allocation has not been prepared as there has not been sufficient time to complete the related analyses.

Also in January 2026, in connection with the acquisition of TYR, the Company drew $62,500 on the 2024 Revolving Loan.