CompoSecure plans spin-off of Resolute Holdings to shareholders; taxable, expected Q1 2025

GPGI, Inc.

Pro rata distribution of Resolute Holdings shares to all CompoSecure shareholders; expected to trade under 'RHLD' on Nasdaq.
CompoSecure will pay Resolute a quarterly management fee of 2.5% of LTM Adjusted EBITDA for oversight and M&A services.
David Cote appointed Executive Chairman, Tom Knott as CEO of Resolute Holdings; spin-off expected to close in Q1 2025.
Transaction will be taxable as a dividend to shareholders; Resolute Holdings expects limited profitability in FY2025.
Spin-off designed to accelerate value-enhancing acquisitions at CompoSecure; CompoSecure operations continue under CEO Jon Wilk.

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