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An announcement from CompoSecure ( (CMPO) ) is now available.
CompoSecure has announced plans to spin off a new entity, Resolute Holdings Management, Inc., to its existing shareholders. This spin-off aims to create a differentiated alternative asset management platform, facilitating value-enhancing acquisitions for CompoSecure. Resolute Holdings will manage capital allocation, operational practices, and M&A strategies, with limited profitability expected in 2025 as it builds its infrastructure. The spin-off will be a pro rata distribution and is expected to be taxable, with Resolute Holdings set to trade on Nasdaq. The transaction is anticipated to complete in the first quarter of 2025, subject to customary conditions.
More about CompoSecure
CompoSecure, founded in 2000, operates in the technology sector, focusing on metal payment cards, security, and authentication solutions. The company partners with market leaders and fintechs to provide secure and innovative payment card technology, offering unique premium branded experiences for accessing and managing financial and digital assets.
YTD Price Performance: 207.47%
Average Trading Volume: 836,612
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.58B
For an in-depth examination of CMPO stock, go to TipRanks’ Stock Analysis page.
