Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
GPGI, Inc. underwent a change of control involving Resolute Compo Holdings LLC for aggregate purchase price of approximately $372.1 million, or $7.55 per share of Class A Common Stock acquired (closed 2024-09-17).
- Action
- change of control
- Counterparty
- Resolute Compo Holdings LLC
- Consideration
- aggregate purchase price of approximately $372.1 million, or $7.55 per share of Class A Common Stock acquired
- Closing
- 2024-09-17
Exact text from the filing
On September 17, 2024, each of the Class B stockholders of CompoSecure, Inc. (the “Company”) completed the transactions contemplated pursuant to the previously-announced stock purchase agreements (each, a “stock purchase agreement”) with Resolute Compo Holdings LLC (“Resolute” or “Buyer”), pursuant to which Resolute agreed to acquire a majority interest in the Company in privately negotiated sales and eliminate the Company’s dual-class structure (the “Transaction”). Accordingly, on September 17, 2024 (the “Closing”), Resolute became the majority owner of the Company, having acquired 49,290,409 shares of the Class A Common Stock of the Company (the “Class A Common Stock”) for an aggregate purchase price of approximately $372.1 million, or $7.55 per share of Class A Common Stock acquired, representing an approximately 60% voting interest.
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