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Added News: Acquisition of Interest

The David Cote Family is investing $372M through Resolute and Dave Cote will become the executive chairman of the board of directors of CompoSecure upon closing of the transaction.
Resolute will become the majority shareholder of the Company and will focus on deploying operational and M&A best practices to drive long-term value creation for all shareholders.
Under the terms, the selling shareholders will exchange the entirety of their Class B units and associated Class B shares for Class A shares, eliminating the current dual-share class structure.
Resolute will subsequently purchase 49.3M of the corresponding Class A shares to acquire majority control of the Company.
As a result of the transaction, The David Cote Family is expected to have voting control of approximately 60% of total shares outstanding as of the closing date.
Resolute Holdings I, LP is set to acquire a majority interest in a company, aiming to streamline its governance by removing the dual-class stock structure. This significant financial move, which hinges on regulatory approval and standard closing conditions, also involves strategic amendments to a Tax Receivable Agreement and the implementation of a new credit agreement with improved terms. The company’s restructuring is expected to affect its exchangeable notes, signaling a pivotal shift that has been publicly announced to keep stakeholders informed.
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