other material
confidence high
sentiment neutral
materiality 0.50
CompoSecure completes spin-off of Resolute Holdings; shareholders get 1 RHLD per 12 CMPO shares
Resolute Holdings Management, Inc.
- Spin-off effective 12:01 a.m. ET Feb 28, 2025; each CMPO holder of record received 1 RHLD share for every 12 CMPO shares held on Feb 20 record date.
- Distribution treated as a taxable dividend to CompoSecure shareholders for U.S. federal and applicable state/local tax purposes.
- Resolute Holdings common stock began trading on Nasdaq under ticker RHLD; CompoSecure continues trading as CMPO.
- Goldman Sachs & Co. LLC served as financial advisor; Paul, Weiss as legal advisor.
- Resolute Holdings is an alternative asset management platform led by David Cote and Tom Knott, applying the Resolute Operating System.