CompoSecure Announces Launch of Secondary Offering of Shares of Class A Common Stock by Selling Shareholders
08 Mai 2024 - 10:25PM
CompoSecure, Inc. (“CompoSecure” or the “Company”) (Nasdaq: CMPO),
a leader in metal payment cards, security, and authentication
solutions, today announced the commencement of an underwritten
public offering (the “Offering”) of 7,000,000 shares of the
Company’s Class A common stock, par value $0.0001 per share (the
“Class A Common Stock”), by certain shareholders of the Company
(the “Selling Shareholders”). In connection with the Offering, the
Selling Shareholders expect to grant the underwriters a 30-day
option to purchase an additional 1,050,000 shares of Class A Common
Stock. CompoSecure is not offering any shares of its Class A Common
Stock in the Offering and will not receive any proceeds from the
sale of shares of Class A Common Stock in the Offering.
J.P. Morgan, BofA Securities and TD Cowen are
acting as joint book-running managers for the Offering.
The Offering is being made pursuant to
CompoSecure’s existing resale registration statement on
Form S-1, as amended by Post-Effective Amendment No. 2 to Form
S-1 on Form S-3 (including a prospectus) filed with the Securities
and Exchange Commission (the “SEC”) and declared effective. A
preliminary prospectus supplement relating to the Offering will
also be filed with the SEC. Before you invest, you should read the
prospectus in that registration statement and other documents the
Company has filed with the SEC for more complete information about
the Company and this Offering. A copy of the prospectus relating to
the securities may be obtained, when available, by visiting the
SEC’s website at www.sec.gov. Alternatively, the prospectus
may be obtained from: J.P. Morgan, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New
York 11717, by telephone: 1-866-803-9204 or by email
at prospectus-eg_fi@jpmchase.com; BofA Securities, c/o BofA
Merrill Lynch, 200 North College Street, 3rd floor, Charlotte,
NC 28255-0001, Attention: Prospectus Department, by
telephone 1-800-294-1322 or by email at
dg.prospectus_requests@bofa.com; or TD Securities (USA) LLC, 1
Vanderbilt Avenue, New York, NY 10017, by telephone at (855)
495-9846 or by email at
TD.ECM_Prospectus@tdsecurities.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About CompoSecure
Founded in 2000, CompoSecure (Nasdaq: CMPO) is a
technology partner to market leaders, fintech’s and consumers
enabling trust for millions of people around the globe. The company
combines elegance, simplicity and security to deliver exceptional
experiences and peace of mind in the physical and digital world.
CompoSecure’s innovative payment card technology and metal cards
with Arculus security and authentication capabilities deliver
unique, premium branded experiences, enable people to access and
use their financial and digital assets, and ensure trust at the
point of a transaction.
Forward-Looking Statements
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. These statements are based on the beliefs and
assumptions of management. Although CompoSecure believes that its
plans, intentions, and expectations reflected in or suggested by
these forward-looking statements are reasonable, CompoSecure cannot
assure you that it will achieve or realize these plans, intentions,
or expectations. Forward-looking statements are inherently subject
to risks, uncertainties, and assumptions. Generally, statements
that are not historical facts, including statements concerning
CompoSecure’s possible or assumed future actions, business
strategies, events, or results of operations, are forward-looking
statements. In some instances, these statements may be preceded by,
followed by or include the words “believes,” “estimates,”
“expects,” “projects,” “forecasts,” “may,” “will,” “should,”
“seeks,” “plans,” “scheduled,” “anticipates” or “intends” or the
negatives of these terms or variations of them or similar
terminology. Forward-looking statements are not guarantees of
performance. You should not put undue reliance on these statements
which speak only as of the date hereof. You should understand that
the following important factors, among others, could affect
CompoSecure’s future results and could cause those results or other
outcomes to differ materially from those expressed or implied in
CompoSecure’s forward-looking statements: the completion of
the Offering; the ability of CompoSecure to grow and manage growth
profitably, maintain relationships with customers, compete within
its industry and retain its key employees; the possibility that
CompoSecure may be adversely impacted by other global economic,
business, competitive and/or other factors; the outcome of any
legal proceedings that may be instituted against CompoSecure or
others; future exchange and interest rates; and other risks and
uncertainties, including those under “Risk
Factors” in filings that have been made or will be made
with the Securities and Exchange Commission. CompoSecure
undertakes no obligations to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Corporate ContactAnthony
PiniellaHead of Communications, CompoSecure(917)
208-7724apiniella@composecure.com
CompoSecure (NASDAQ:CMPO)
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