other material
confidence high
sentiment neutral
materiality 0.40
CompoSecure notes: Exchange rate temporarily rises to 104.52 shares per $1,000 due to Fundamental Change
GPGI, Inc.
- Effective Sep 19, 2024, exchange rate on 7.00% Notes due 2026 increased from 91.0972 to 104.5199 shares of CMPO common per $1,000 principal.
- Holders may exchange during Additional Shares Exchange Period until business day before repurchase date (expected Nov 29, 2024) to receive additional shares.
- Holders can require repurchase at 100% principal plus accrued interest on Fundamental Change Repurchase Date (expected Nov 29, 2024).
- Fundamental Change resulted from Resolute Compo Holdings acquisition closing Sep 17, 2024, that eliminated dual-class structure.
- Company will deliver Fundamental Change Company Notice by October 9, 2024.