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0 -0.00589101620029456 -0.00736377025036816 -0.00589101620029456 0.00441826215022095 0.0309278350515464 0.00220913107511054 0.00368188512518415
Stock impact report

CompoSecure Announces Pricing of Secondary Offering of Shares of Class A Common Stock by Selling Shareholders

CompoSecure, Inc. - Class A (CMPO) 
Company Research Source: GlobeNewswire
SOMERSET, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (“CompoSecure”) (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, today announced the pricing of a secondary offering of 7,000,000 shares of its Class A common stock, par value $0.0001 per share, by certain shareholders of the Company (the “Selling Shareholders”) at a price to the public of $6.50 per share for total gross proceeds of $45,500,000 million (the “Offering”). In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase an additional 1,050,000 shares of Class A Common Stock. CompoSecure will not receive any of the proceeds from the sale of the shares by the Selling Shareholders. The Offering is expected to close on May 13, 2024, subject to customary closing conditions. J.P. Morgan, BofA Securities, and TD Cowen are acting as joint book-running managers for the Offering and B. Riley Securities, Needham & Company, Show less Read more
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