The Bilt Mastercard is the first-ever credit
card that allows cardholders to pay rent and earn points toward a
home down payment with no fees
CompoSecure Holdings, L.L.C. (“CompoSecure”), a leading provider
of premium financial payment cards and an emergent provider of
cryptocurrency storage and security solutions, today announced that
it is manufacturing the first-ever rental rewards card by Bilt. The
Bilt Mastercard promotes homeownership for the nation’s 109
million-plus renters and is the first to be granted regulatory
approval to redeem points toward down payments on home
mortgages.
Bilt Rewards is the first-ever rewards program for the housing
sector and the $500 billion/year rental market. Any renter at any
building in the U.S. will now be able to earn points by paying rent
through the Bilt Mastercard with no fees. Bilt also offers its
loyalty program to residents of properties within the Bilt Rewards
Alliance, which includes AMLI Residential, AvalonBay Communities,
Blackstone, Camden Property Trust, Cushman & Wakefield, Equity
Residential, GID-Windsor Communities, Lennar Corporation, The
Moinian Group, Morgan Properties, Related Companies, SL Green
Realty Corp., Starwood Capital Group, Trammell Crow Residential,
Veritas Investments and more.
“The industry has always seen our premium cards as aspirational,
so this card is an ideal fit for renters aiming to become
homeowners with the help of the Bilt Mastercard,” said Jon Wilk,
President and CEO of CompoSecure, which recently announced it had
signed a merger agreement with Roman DBDR Tech Acquisition Corp.
(NASDAQ: DBDR) (“Roman DBDR”), a special purpose acquisition
company. “We are especially proud to be a part of this
groundbreaking offering -- a card that can empower renters to build
credit scores and earn rewards toward a down payment on a
home.”
The Bilt Mastercard is available now and can be used wherever
Mastercard is accepted. For rental properties that do not accept
credit card payments, cardholders can still pay their rent with
their Bilt Mastercard through the Bilt App and a check will be sent
to the landlord on the cardholder’s behalf. Rent payments made
through Bilt Mastercard will automatically be reported to credit
bureaus, enabling residents to build their credit score with each
on-time rent payment. To find out more about Bilt Rewards and the
Bilt Mastercard, visit BiltRewards.com.
The Bilt Mastercard will use CompoSecure’s metal dual-interface
construction that facilitates contactless purchases. Bilt selected
CompoSecure for this innovative card program because of
CompoSecure's ability to bring the program to scale with speed,
while providing a superior product experience. For more information
on metal payment card design and manufacturing, visit
www.composecure.com.
On November 30, 2021, CompoSecure and Roman DBDR announced a
special meeting of Roman DBDR stockholders to consider matters
related to the proposed business combination with CompoSecure. The
meeting will be held on December 23, 2021 at 10:00 a.m., Eastern
Time, in a virtual format. Roman DBDR stockholders may attend and
vote at the Special Meeting by visiting
https://www.cstproxy.com/romandbdr/sm2021 and entering the control
number found on their proxy card, voting instruction form or notice
included in their proxy materials.
More information about voting and attending the Special Meeting
is included in the definitive proxy statement filed by Roman DBDR
with the Securities and Exchange Commission (the “SEC”) on November
30, 2021, which is available without charge on the SEC’s website at
http://www.sec.gov or
https://www.romandbdr.com/investor-relations.
About Bilt
Launched by Kairos HQ, in June 2021, Bilt Rewards is the
first-ever loyalty program that allows renters to earn points on
rent with no fees and builds a path towards homeownership. Through
a partnership with the country's largest owners including AvalonBay
Communities, Equity Residential, Related, Starwood Capital Group
and more, Bilt Rewards enables renters in more than two million
units across the country to earn points just by paying rent. Bilt
Rewards boasts one of the highest value rewards programs on the
market today, including one-to-one point transfers to 9 loyalty
programs allowing travel across over 100 major airlines and hotel
partners; fitness classes at the country's top boutique studios
including SoulCycle, Rumble and Y7; limited-edition and exclusive
collections of art and home decor through the Bilt Collection, and
the ability to use Bilt points for rent credits or towards a future
down payment. Bilt has also partnered with Mastercard to create the
Bilt Mastercard - the first and only credit card that can be used
to pay rent with no fees at any rental unit in the country. Bilt is
a Kairos company. For more information, visit BiltRewards.com.
About CompoSecure
Founded in 2000, CompoSecure is a pioneer and category leader in
premium payment cards and an emergent provider of cryptocurrency
and digital asset storage and security solutions. The company
focuses on serving the affluent customers of payment card issuers
worldwide using proprietary production methods that meet the
highest standards of quality and security. The company offers
secure, innovative, and durable proprietary products that implement
leading-edge engineering capabilities and security. CompoSecure’s
mission is to increase clients’ brand equity in the marketplace by
offering products and solutions which differentiate the brands they
represent, thus elevating cardholder experience. For more
information, please visit www.composecure.com. ArculusTM was created with
the mission to promote cryptocurrency adoption by making it safe,
simple and secure for the average person to buy, sell and store
cryptocurrency. With a strong background in security hardware and
financial payments, the ArculusTM solution was developed to allow
people to use a familiar payment card form factor to manage their
cryptocurrency. For more information, please visit
www.GetArculus.com.
About Roman DBDR Tech Acquisition Corp.
Roman DBDR is a special purpose acquisition company whose
business purpose is to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization, or similar
business combination with one or more businesses or entities. While
the company may pursue an initial business combination target in
any stage of its corporate evolution or in any industry or sector,
it intends to focus its search on companies in the technology,
media and telecom (“TMT”) industries. The company is led by its
Co-Chief Executive Officers, Dr. Donald G. Basile and Dixon Doll,
Jr. The company’s experienced board of directors includes former
NVCA Chairman and longtime venture capitalist Dixon Doll, Global
Net Lease (NYSE: GNL) CEO James L. Nelson, former fund manager Paul
Misir, investment banker and investor Arun Abraham, and
entrepreneur Alan Clingman. For more information, please visit
www.romandbdr.com Roman DBDR raised $236 million in its initial
public offering (inclusive of underwriter’s exercise of
over-allotment option) in November 2020 and is listed on Nasdaq
under the symbol “DBDR”.
Forward-Looking Statements
Certain statements included in this Press Release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements include,
but are not limited to statements regarding Roman DBDR’s or
CompoSecure’s expectations, hopes, beliefs, intentions or
strategies regarding the future, including, without limitation,
statements regarding: (i) the ability of Roman DBDR and CompoSecure
to complete the proposed merger described in the Press Release,
(ii) the size, demand and growth potential of the markets for
CompoSecure’s products and CompoSecure’s ability to serve those
markets, (iii) the degree of market acceptance and adoption of
CompoSecure’s products, (iv) CompoSecure’s ability to develop
innovative products and compete with other companies engaged in the
financial services and technology industry, and (v) CompoSecure’s
ability to attract and retain clients. In addition, any statements
that refer to projections, forecasts, or other characterizations of
future events or circumstances, including any underlying
assumptions, are forward-looking statements. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook,” and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding estimates and
forecasts of other financial and performance metrics and
projections of market opportunity. These statements are based on
various assumptions, whether or not identified in this Press
Release, and on the current expectations of CompoSecure’s and Roman
DBDR’s management and are not predictions of actual performance.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as, and must not be
relied on by any investor as, a guarantee, a prediction or a
definitive statement of fact or probability. Neither Roman DBDR nor
CompoSecure gives any assurance that either Roman DBDR or
CompoSecure will achieve its expectations. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of CompoSecure and Roman DBDR. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond Roman DBDR’s and CompoSecure’s control)
or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by these
forward-looking statements. These factors include, among others:
the inability to complete the proposed merger; the inability to
recognize the anticipated benefits of the proposed merger,
including due to the failure to receive required security holder
approvals, or the failure of other closing conditions; and costs
related to the proposed merger. You should carefully consider the
risks and uncertainties described in the “Risk Factors” section of
the definitive proxy statement on Schedule 14A (the “Proxy
Statement”) relating to the proposed merger filed by Roman DBDR
with the U.S. Securities and Exchange Commission (the “SEC”) and
other documents filed by Roman DBDR from time to time with the SEC.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that none of Roman DBDR or CompoSecure presently
know or that Roman DBDR or CompoSecure currently believe are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect Roman DBDR’s and CompoSecure’s
expectations, plans or forecasts of future events and views as of
the date of this Press Release. Roman DBDR and CompoSecure
anticipate that subsequent events and developments will cause Roman
DBDR’s and CompoSecure’s assessments to change. However, while
Roman DBDR and CompoSecure may elect to update these
forward-looking statements at some point in the future, Roman DBDR
and CompoSecure specifically disclaim any obligation to do so.
These forward-looking statements should not be relied upon as
representing Roman DBDR’s and CompoSecure’s assessments as of any
date subsequent to the date of this Press Release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements. Certain market data information in this Press Release
is based on the estimates of CompoSecure and Roman DBDR
management.
Additional Information about the Proposed Merger and Where to
Find It
In connection with the proposed merger, Roman DBDR has
filed a definitive proxy statement with the SEC. The documents
relating to the proposed merger can be obtained free of charge from
the SEC’s website at www.sec.gov. These documents can also be
obtained free of charge by contacting CompoSecure at: Marc P.
Griffin, ICR for CompoSecure, 646-277-1290,
CompoSecure-IR@icrinc.com.
Participants in the Solicitation
This communication is not a solicitation of a proxy from any
security holder of Roman DBDR. CompoSecure, Roman DBDR and our
respective directors, executive officers, other members of
management and employees may be deemed to be participants in the
solicitation of proxies from Roman DBDR’s stockholders in
connection with the proposed merger. Information regarding the
names and interests in the proposed merger of Roman DBDR’s
directors and officers is contained Roman DBDR’s filings with the
SEC. Additional information regarding the interests of potential
participants in the solicitation process has also been included in
the definitive proxy statement relating to the proposed merger and
other relevant documents filed with the SEC. These documents can be
obtained free of charge from the sources indicated above.
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version on businesswire.com: https://www.businesswire.com/news/home/20211209005797/en/
Wes Robinson 626-201-2928 wrobinson@olmsteadwilliams.com
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