other material
confidence high
sentiment neutral
materiality 0.55
CompoSecure secondary offering of 7M shares priced at $6.50; over-allotment exercised
GPGI, Inc.
- 7,000,000 shares of Class A common stock sold by selling stockholders at $6.50/share, gross proceeds $45.5M.
- Underwriters exercised 30-day over-allotment in full for an additional 1,050,000 shares.
- CompoSecure receives no proceeds; offering expected to close May 13, 2024.
- J.P. Morgan, BofA Securities, TD Cowen act as joint book-running managers.