An update from CompoSecure (CMPO) is now available.
CompoSecure, Inc. is undergoing a significant transformation as investment firm Resolute Holdings I, LP is set to acquire a majority interest, leading to the elimination of the company’s dual-class structure. The deal involves Class B shareholders converting their units to Class A Common Stock and selling them to Resolute’s affiliate in a series of private transactions. Notably, board members with vested interests have resigned, paving the way for new governance, including the appointment of Resolute’s representatives. The transaction, which hinges on regulatory approval and other conditions, will also impact CompoSecure’s exchangeable notes and has initiated amendments to existing agreements to facilitate a smooth change of control.
For detailed information about CMPO stock, go to TipRanks’ Stock Analysis page.
