<SEC-DOCUMENT>0001144204-12-034014.txt : 20120608
<SEC-HEADER>0001144204-12-034014.hdr.sgml : 20120608
<ACCEPTANCE-DATETIME>20120608165629
ACCESSION NUMBER:		0001144204-12-034014
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20120608
DATE AS OF CHANGE:		20120608

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Black Diamond, Inc.
		CENTRAL INDEX KEY:			0000913277
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		IRS NUMBER:				581972600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-175695
		FILM NUMBER:		12898461

	BUSINESS ADDRESS:	
		STREET 1:		2084 EAST 3900 SOUTH
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84124
		BUSINESS PHONE:		801-278-5552

	MAIL ADDRESS:	
		STREET 1:		2084 EAST 3900 SOUTH
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLARUS CORP
		DATE OF NAME CHANGE:	19980911

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SQL FINANCIALS INTERNATIONAL INC /DE/
		DATE OF NAME CHANGE:	19980911
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>v315665_424b3.htm
<DESCRIPTION>PROSPECTUS
<TEXT>
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<P STYLE="text-align: right; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="margin: 0pt; text-align: right">Filed Pursuant to Rule 424(b)(3)</P>

<P STYLE="margin: 0pt; text-align: right">Registration No. 333-175695</P>

<P STYLE="margin: 0pt; text-align: left"><B>PROSPECTUS</B></P>

<P STYLE="margin: 0pt; text-align: right">&nbsp;</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0"><IMG SRC="logo.jpg"></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>5,750,000&#160;Shares</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">_______________</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">This prospectus relates
to an aggregate of 5,750,000&#160;shares of common stock, par value $0.0001 per share, of Black Diamond, Inc., a Delaware corporation,
(&#8220;Black Diamond&#8221; or the &#8220;Company&#8221;), which may be issued from time to time by the Company in connection
with acquisitions by the Company of assets, businesses or securities. We expect that the terms of acquisitions involving the issuance
of any such shares will be determined by direct negotiations with the owners or controlling persons of the assets, businesses or
securities to be acquired, and that the shares of common stock issued will be valued at prices reasonably related to the market
price of the common stock either at the time an agreement is entered into concerning the terms of the acquisition or at or about
the time the shares are delivered.</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">We do not expect to receive
any cash proceeds when we issue shares of common stock offered by this prospectus.</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Our common stock trades
on the Nasdaq Global Market (&#8220;NASDAQ&#8221;) under the symbol &#8220;BDE&#8221;. On&#160;August&#160;16, 2011, the last reported
sales price of our common stock on NASDAQ was $7.44 per share.</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>Investing in our common
stock involves risks. In determining whether to accept shares of our common stock as all or part of the purchase price for our
acquisition of your business, assets or securities, you should review carefully the risks and uncertainties described under the
heading &#8220;Risk Factors&#8221; beginning on page 3 and in any applicable prospectus supplement we have authorized for use,
and under similar headings in the documents that are incorporated by reference into this prospectus.</B></P>

<P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">_______________</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>Neither the Securities
and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this
prospectus is truthful or complete.&#160;&#160;Any representation to the contrary is a criminal offense.</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>The date of this prospectus
is August 19,
2011</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>TABLE OF CONTENTS</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 95%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-indent: 0pt; text-align: right; text-decoration: underline">Page</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-right: -4.5pt; text-indent: 0pt">FORWARD-LOOKING STATEMENTS</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">ii</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-right: -4.5pt; text-indent: 0pt">WHERE YOU CAN FIND MORE INFORMATION</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">iii</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0pt">INCORPORATION BY REFERENCE</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">iii</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0pt">PROSPECTUS SUMMARY</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0pt">ABOUT BLACK DIAMOND</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">2</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-right: -9pt; text-indent: 0pt">RISK FACTORS</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">3</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-right: -9pt; text-indent: 0pt">USE OF PROCEEDS</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">3</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-right: -9pt; text-indent: 0pt">SELLING STOCKHOLDERS</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">3</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; padding-right: -4.5pt; text-indent: 0pt">LEGAL MATTERS</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">5</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-right: -4.5pt; text-indent: 0pt">EXPERTS</TD>
    <TD STYLE="text-indent: 0pt; text-align: right">5</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>_______________</B></P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: left; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">This prospectus incorporates
important business and financial information about us that is not included in or delivered with this prospectus. We will provide
you with copies of this information, without charge, upon written or oral request to:</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Black Diamond, Inc.</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">2084 East 3900 South</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Salt Lake City, UT 84124</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Attention: Investor Relations</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">(801) 278-5552</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>In order to receive timely
delivery of this information, you should make your request no later than five business days before the date you must make your
investment decision.</B> For a more detailed discussion about the information about us that is incorporated by reference into this
prospectus, see &#8220;Incorporation By Reference&#8221;.</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>_______________</B></P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">References in this prospectus
to: (i) &#8220;Black Diamond,&#8221; &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; and &#8220;us,&#8221; refer to
Black Diamond, Inc.; (ii) &#8220;Black Diamond Equipment&#8221; refer to Black Diamond Equipment, Ltd.; and (iii) &#8220;Gregory
Mountain Products&#8221; and&#160;&#160;&#8220;Gregory&#8221; refer to Gregory Mountain Products, LLC.</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>_______________</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Certain statements included
in this prospectus, any accompanying prospectus supplement and the documents incorporated by reference herein and therein are &#8220;forward-looking
statements&#8221; within the meaning of the federal securities laws.&#160; Forward-looking statements are made based on our expectations
and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution
that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied
in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial
condition of the Company to differ materially from those expressed or implied by forward-looking statements in this prospectus,
any accompanying prospectus supplement and the documents incorporated herein and therein include the overall level of consumer
spending on our products; general economic conditions and other factors affecting consumer confidence; disruption and volatility
in the global capital and credit markets; the financial strength of the Company&#8217;s customers; the Company&#8217;s ability
to implement its growth strategy; the Company&#8217;s ability to successfully integrate and grow acquisitions; the Company&#8217;s
ability to maintain the strength and security of its information technology systems; stability of the Company&#8217;s manufacturing
facilities and foreign suppliers; the Company&#8217;s ability to protect trademarks and other intellectual property rights; fluctuations
in the price, availability and quality of raw materials and contracted products; foreign currency fluctuations; our ability to
utilize our net operating loss carryforwards; and legal, regulatory, political and economic risks in international markets. More
information on potential factors that could affect the Company&#8217;s financial results is included from time to time in the Company&#8217;s
public reports filed with the Securities and Exchange Commission, including the Company&#8217;s Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K.&#160;All forward-looking statements included in this prospectus are based
upon information available to the Company as of the date of this prospectus, and speak only as the date hereof. We assume no obligation
to update any forward-looking statements to reflect events or circumstances after the date of this prospectus.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">You should also read carefully
the factors described or referred to in the &#8220;Risk Factors&#8221; section of this prospectus, any accompanying prospectus
supplement and the documents incorporated by reference herein and therein, to better understand the risks and uncertainties inherent
in our business and underlying any forward-looking statements. Any forward-looking statements that we make in this prospectus,
any accompanying prospectus supplement and the documents incorporated by reference herein as well as other written or oral statements
by us or our authorized officers on our behalf, speak only as of the date of such statement, and we undertake no obligation to
update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends
or indications of future performance, unless expressed as such, and should only be viewed as historical data.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>WHERE YOU CAN FIND MORE
INFORMATION&#160;</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">We are subject to the informational
requirements of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and in accordance therewith we
are required to file periodic reports, proxy statements and other information with the Securities and Exchange Commission (the
&#8220;Commission&#8221;). Such reports, proxy statements and other information filed by us can be inspected and copied at the
Commission&#8217;s Public Reference Room located at 100 F Street, N.E. Washington, D.C. 20549, at the prescribed rates. The Commission
also maintains a site on the World Wide Web that contains reports, proxy and information statements and other information regarding
registrants that file electronically. The address of such site is http://www.sec.gov. Please call 1-800-SEC-0330 for further information
on the operation of the Commission&#8217;s Public Reference Room.</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>INCORPORATION BY REFERENCE
</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
Commission allows us to &#8220;incorporate by reference&#8221; the information we file with it, which means that we can disclose
important business, financial and other information to you in this prospectus by referring you to the publicly filed documents
containing this information. The information incorporated by reference is deemed to be a part of this prospectus, except for any
information superseded by information contained in this prospectus or filed later by us with the Commission. This prospectus incorporates
by reference the documents set forth below that we have previously filed with the Commission, other than any portion of any such
filing that is furnished under the applicable Commission rules, which documents contain important information about us and our
common stock:</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Our Annual Report on Form 10-K for the fiscal year ended December&#160;31, 2010, filed with the Commission on March 15, 2011;</TD></TR>
</TABLE>
<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Amendment No. 2 to our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2009, filed with the Commission on January 10, 2011;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Our Current Report on Form 8-K, filed with the Commission on January 24, 2011;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Our Current Report on Form 8-K, filed with the Commission on March 18, 2011;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Our definitive proxy statement, filed with the Commission on April&#160;&#160;29, 2011;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, filed with the Commission on May 10, 2011;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Our Current Report on Form 8-K, filed with the Commission on June 13, 2011;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Our Current Report on Form 8-K, filed with the Commission on July 29, 2011;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left">
        <P STYLE="margin: 0pt 0">Our Current Report on Form 8-K, filed with the Commission on August 8, 2011 (incorporated by reference
        herein solely with respect to &#8220;Item 8.01 &#8211; Other Events&#8221;);</P></TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left">
        <P STYLE="margin: 0pt 0">Our Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, filed with the Commission on August
        9, 2011; and</P></TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; text-indent: 0pt">&bull;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">The description of our common stock, $0.0001 par value, contained in our Registration Statement on Form 8-A filed on June 9, 2010 pursuant to Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description.</TD></TR>
</TABLE>
<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">In addition, all documents
filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act: (i)&#160;after the date of the initial registration
statement and prior to effectiveness of the registration statement; (ii)&#160;subsequent to the date of this prospectus and (iii)
until we have sold all of the shares of common stock to which this prospectus relates or the offering is otherwise terminated;
are incorporated by reference into this prospectus, other than, in&#160;each such case,&#160;any portion of any such filing that
is furnished under the applicable Commission rules, and are a part hereof from the date of filing of such documents. Any statement
contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this prospectus to the extent that a statement contained herein or in any subsequently filed document that is also
incorporated by reference herein modifies or replaces such statement. Any statements so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this prospectus.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Any information incorporated
by reference herein is available to you without charge upon written or oral request. If you would like a copy of any of this information,
please submit your request to us at 2084 East 3900 South, Salt Lake City, Utah 84124, Attention: Investor Relations, or call (801)
278-5552.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>PROSPECTUS SUMMARY</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This
document serves as a prospectus of Black Diamond to register 5,750,000&#160;shares of our common stock, par value $0.0001&#160;per
share, which we plan to use in acquisition transactions from time to time in connection with the acquisition of assets,&#160;securities
or businesses, whether by purchase, merger or any other form of business combination. It is expected that the terms of these acquisitions
will be determined by direct negotiations with the owners or controlling persons of the assets, businesses or securities to be
acquired, and that the shares of common stock issued will be valued at prices reasonably related to the market price of our common
stock either at the time an agreement is entered into concerning the terms of the acquisition or at or about the time the shares
are delivered. In addition to shares of our common stock, consideration for these acquisitions may consist of any consideration
permitted by applicable law, including, without limitation, the payment of cash, the issuance of a note or other form of indebtedness,
the assumption of liabilities or any combination of these items.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
common stock we issue pursuant to this prospectus and applicable prospectus supplement or post-effective amendment in these transactions
may be reoffered pursuant to this prospectus by the stockholders thereof from time to time in transactions on the NASDAQ (or any
other exchange on which our common stock may be listed or traded from time to time), in negotiated transactions, in block trades,
through the writing of options on securities, or any combination of these methods of sale, at fixed prices that may be changed,
at market prices prevailing at the time of sale, at prices relating to the prevailing prices or at negotiated prices. These selling
stockholders may sell their shares of common stock to or through broker-dealers, and the broker-dealers may receive compensation
in the form of discounts, concessions or commissions from the selling stockholders or the purchasers of shares for whom the broker-dealer
may act as agent or to whom they may sell as principal or both.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
In addition, we may issue our common stock pursuant to this prospectus and applicable prospectus supplement or post-effective amendment
to acquire the assets, securities or business of debtors in cases under the United States Bankruptcy Code, which may constitute
all or a portion of the debtor&#8217;s assets, securities or business. The common stock we issue in these transactions may be sold
by the debtor or its stockholders for cash from time to time in market transactions or it may be transferred by the debtor in satisfaction
of claims by creditors under a plan of reorganization approved by the applicable U.S.&#160;Bankruptcy Court or otherwise transferred
in accordance with the Bankruptcy Code.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;We
will bear all expenses in connection with the registration of the common stock being resold by selling stockholders, other than
selling discounts and commissions and fees and expenses of the selling stockholders. The terms for the issuance of common stock
may include provisions for the indemnification of the selling stockholders for specified civil liabilities, including liabilities
under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). The selling stockholders and any brokers, dealers
or agents that participate in the distribution of the common stock may be deemed to be underwriters, and any profit on the sale
of stock by them and any discounts, concessions or commissions received by any of these underwriters, brokers, dealers or agents
may constitute underwriting discounts and commissions under the Securities Act.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>ABOUT BLACK DIAMOND</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>Overview</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Black Diamond is a leading
provider of outdoor recreation equipment and lifestyle products. The Company&#8217;s principal brands are Black Diamond&#174; and
Gregory&#174;. The Company develops, manufactures and globally distributes a broad range of products including: rock-climbing equipment
(such as carabiners, protection devices, harnesses, belay and devices, helmets and ice-climbing gear), technical backpacks and
high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins
and avalanche safety equipment. Headquartered in Salt Lake City, Utah, the Company has more than&#160;500 employees worldwide,
with ISO 9001 manufacturing facilities both in Salt Lake City and Southeast China, as well as a sewing plant in Calexico, California,
distribution centers in Utah and Southeast China, a marketing office in Yokohama, Japan, and a fully-owned sales, marketing and
distribution operation for Europe, located near Basel, Switzerland. References in this prospectus to: (i) &#8220;Black Diamond,&#8221;
&#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; and &#8220;us&#8221; refer to Black Diamond, Inc.; (ii) &#8220;Black
Diamond Equipment&#8221; refer to Black Diamond Equipment, Ltd.; and (iii) &#8220;Gregory Mountain Products&#8221; and&#160;&#160;&#8220;Gregory&#8221;
refer to Gregory Mountain Products, LLC.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>Operating History</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Since the 2002 sale of our
e-commerce solutions business, we have engaged in a strategy of seeking to enhance stockholder value by pursuing opportunities
to redeploy our assets through an acquisition of, or merger with, an operating business or businesses that would serve as a platform
company.&#160;&#160;On May 28, 2010, we acquired Black Diamond Equipment and Gregory.&#160;&#160;Because the Company had no operations
at the time of our acquisition of Black Diamond Equipment, Black Diamond Equipment is considered to be our predecessor company
for financial reporting purposes.&#160;&#160;The predecessor company does not include Gregory.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>Market Overview</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Our primary target customers
are outdoor-oriented consumers who understand the importance of an active, healthy lifestyle.&#160;&#160;The users of our products
are made up of a wide range of outdoor athletes and enthusiasts, including rock, ice and mountain climbers, skiers, backpackers
and campers, endurance trail runners, and outdoor-inspired consumers.&#160;&#160;We believe we have a strong reputation for style,&#160;quality,
design and durability in each of our core product lines that address the needs of rock and ice climbers, alpinists, canyoneers,
peak baggers, backcountry and freeride skiers, day hikers and backpackers.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">As the variety of outdoor
sports activities continue to grow and proliferate and existing outdoor sports evolve and become ever more specialized, we believe
other outdoor sports and athletic equipment companies are failing to address the unique aesthetics, fit and technical and performance
needs of athletes and enthusiasts involved in such specialized activities.&#160;&#160;We believe we have been able to help address
this void in the marketplace by leveraging our user intimacy and improving on our existing product lines, by expanding our product
offerings into new niche categories, and by incorporating innovative industrial design and engineering, along with comfort and
functionality into our products. Although we were founded to address the needs of core rock and ice climbers, backcountry skiers
and alpinists, we are also successfully designing products for more casual outdoor enthusiasts who also appreciate the technical
rigor and premium quality of our products. We believe the credibility and authenticity of our brands expands our potential market
beyond committed outdoor athletes to those outdoor generalist consumers who desire to lead active, healthy and balanced lives.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>RISK FACTORS</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Investing in our securities
involves risk. Please carefully consider the risk factors described in our periodic and current reports filed with the Commission,
which are incorporated by reference in this prospectus, as well as any risks that may be set forth in the prospectus supplement
relating to a specific security. Before making an investment decision, you should carefully consider these risks as well as other
information we include or incorporate by reference in this prospectus or include in any applicable prospectus supplement. These
risks could materially affect our business, results of operations or financial condition and cause the value of our securities
to decline. You could lose all or part of your investment. Additional risks and uncertainties not presently known to us or that
we deem currently immaterial may also impair our business operations.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>USE OF PROCEEDS</B></P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: left; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">We will receive no proceeds
from the offering of the shares other than the value of the assets, businesses or securities acquired by us in acquisitions for
which shares are offered under this prospectus.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>SELLING STOCKHOLDERS</B></P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">We have also prepared this
prospectus, as we may amend or supplement it if appropriate, for use by the persons, and their pledgees, donees, transferees or
other successors in interest, who receive shares of our common stock in acquisitions covered by this prospectus. We refer to these
persons as selling stockholders. Pursuant to the terms of any agreement we may enter into in connection with an acquisition by
the Company of assets, businesses or securities, under certain circumstances selling stockholders may not be permitted to use this
prospectus to reoffer any shares without first obtaining our prior written consent. We may condition our consent on the agreement
by the selling stockholders that they not offer or sell more than a specified number of shares and that they only do so following
the filing of any required supplements or amendments to this prospectus or such other conditions which we may determine.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">The selling stockholder
will act independently of us in making decisions with respect to the timing, manner and size of each sale. Selling stockholders
may resell shares on NASDAQ (or any other exchange on which our common stock may be listed or traded from time to time), in negotiated
transactions, in block trades, through the writing of options on securities, or any combination of these methods of sale, at fixed
prices that may be changed, at market prices prevailing at the time of sale, at prices relating to the prevailing prices or at
negotiated prices. These selling stockholders may sell their shares of common stock to or through broker-dealers, and the broker-dealers
may receive compensation in the form of discounts, concessions or commissions from the selling stockholders or the purchasers of
shares for whom the broker-dealer may act as agent or to whom they may sell as principal or both. We will not receive any proceeds
from sales by selling stockholders.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">The selling stockholders
and any underwriter or broker-dealer retained by the selling stockholders may be deemed to be underwriters within the meaning the
Securities Act. Any profits that the selling stockholders realize and the compensation they pay to any underwriter or broker-dealer
may be deemed to be underwriting discounts and commissions.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">When resales are to be made
through a broker or dealer, a member firm of FINRA may be engaged to act as the selling stockholders' agent in the sale of shares
by such selling stockholders. We anticipate that the commission paid to the member firm will be the normal commission (including
negotiated commissions to the extent permissible). Sales of shares by the member firm may be made on NASDAQ (or any other exchange
on which our common stock may be listed or traded from time to time), in negotiated transactions, in block trades, through the
writing of options on securities, or any combination of these methods of sale, at fixed prices that may be changed, at market prices
prevailing at the time of sale, at prices relating to the prevailing prices or at negotiated prices.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;In lieu of making
sales through use of this prospectus, the selling stockholders may also make sales of the shares covered by this prospectus pursuant
to Rule 144 or Rule 145(d) under the Securities Act, to the extent that the provisions of such rules are applicable.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;A prospectus supplement,
if required, will be filed under Rule 424(b) under the Securities Act, disclosing the name of any selling stockholders, the participating
securities firm, if any, the number and kind of securities involved and other details of such resale to the extent appropriate.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 27pt; margin: 0; font: 10pt Times New Roman, Times, Serif">In order to comply with
the securities laws of certain states, if applicable, shares covered by this prospectus may be sold in such jurisdictions only
through registered or licensed brokers or dealers. In addition, in certain states, the shares covered by this prospectus may not
be sold unless the shares have been registered or qualified for sale in the applicable state or an exemption from the registration
or qualification requirement is available and is complied with.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>LEGAL MATTERS</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">The validity of the shares
of common stock offered hereby will be passed upon for us by Kane Kessler, P.C., New York, New York, and for the underwriters or
agents, by counsel named in the applicable prospectus supplement.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif"><B>EXPERTS</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">The consolidated financial
statements of Black Diamond, Inc. (formerly, Clarus Corporation) as of December 31, 2010 and 2009, and for each of&#160;the years
in the three-year period ended December 31, 2010 have been incorporated by reference herein and in the registration statement in
reliance on the report of KPMG LLP, independent registered public accounting firm, incorporated by reference herein, and upon the
authority of said firm as experts in accounting and auditing.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">The consolidated financial
statements of Black Diamond Equipment, Ltd. for the period from July 1, 2009 to May 28, 2010, have been incorporated by reference
herein and in the registration statement in reliance on the report of KPMG LLP, independent accountants, incorporated by reference
herein, and upon the authority of said firm as experts in accounting and auditing.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0; font: 10pt Times New Roman, Times, Serif">The consolidated financial
statements of Black Diamond Equipment, Ltd. as of June 30, 2009 and for the years ended June 30, 2009 and&#160;2008, incorporated
in this prospectus by reference to the Annual Report on Form 10-K of Black Diamond, Inc. (formerly, Clarus Corporation), filed
with the Commission on March 15, 2011, have been so incorporated in reliance on the report of Tanner LLC (formerly, Tanner LC),
independent accountants, given on the authority of said firm as experts in auditing and accounting.&#160;</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
