Company: CompoSecure, Inc.
Form Type: 8-K
Filing Date: 2025-01-03
Corporate Action: Spin-off
Type: New
Accession Number: 000110465925000865
Comments: On December 30, 2024, CompoSecure, Inc. announced a plan to spin off a newly formed entity, Resolute Holdings Management, Inc., to its existing stockholders, which is subject to customary conditions. To facilitate this spinoff, CompoSecure Holdings, L.L.C. along with other Loan Parties entered into Amendment No. 1 and Limited Waiver to the Fourth A&R Credit Agreement. This amendment waives certain conditions related to the spin-off and the accompanying transactions, including a management agreement between CompoSecure Holdings and Resolute Holdings. The amendment also includes conforming changes to covenants and allows for additional investments by the Loan Parties, provided certain covenants are met on a pro forma basis.
Document Link: View Document
Additional details:
Item Type: spin_off_name
Value: Resolute Holdings Management, Inc.
Item Type: credit_agreement_date
Value: 2024-08-07
Item Type: amendment_number
Value: 1
Form Type: 8-K
Filing Date: 2024-12-30
Corporate Action: Spin-off
Type: New
Accession Number: 000110465924132499
Comments: On December 30, 2024, CompoSecure, Inc. announced its plan to spin off a newly formed entity named Resolute Holdings Management, Inc. to the existing stockholders of CompoSecure. This spinoff is part of the company's strategic initiatives aimed at enhancing stockholder value. A press release detailing this decision was issued on the same date and is included as Exhibit 99.1 in the filing.
Document Link: View Document
Additional details:
Title: class_of_stocks
Value: Class A Common Stock
Title: trading_symbol
Value: CMPO
Title: exchange_registered
Value: Nasdaq Global Market
Title: warrant_class
Value: Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock
Title: warrant_symbol
Value: CMPOW