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Stock impact report

Resolute Holdings Completes Acquisition of Majority Interest in CompoSecure

CompoSecure, Inc. - Class A (CMPO) 
Company Research Source: GlobeNewswire
NEW YORK and SOMERSET, N.J., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Resolute Holdings I, LP and its affiliated vehicles (“Resolute”), an investment firm under the leadership of David Cote and Tom Knott, and CompoSecure, Inc. (Nasdaq: CMPO) (“CompoSecure”) today announced the closing of Resolute’s acquisition of a majority interest in CompoSecure in accordance with the stock purchase agreements among Resolute and certain shareholders of CompoSecure. In conjunction with the closing, David Cote has been appointed executive chairman of the board of directors of CompoSecure and Tom Knott, Joseph DeAngelo, Roger Fradin, Mark James, and John Cote have also been appointed to the board of directors. Pursuant to the stock purchase agreements, the selling shareholders exchanged the entirety of their Class B units for Class A shares and Resolute has now acquired 49.3 million Class A shares, representing approximately 60% of CompoSecure’s outstanding shares. The transaction, valued at approximately Show less Read more
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