secwatch.observer — SEC 8-K summary
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Issuer:     GPGI, Inc. (GPGI)
CIK:        0001823144
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001104659-25-000865
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CompoSecure amends credit agreement to permit spin-off of Resolute Holdings
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- Spin-off of Resolute Holdings to occur no later than Feb 28, 2025; conditions include no default and delivery of certificate.
- Amendment allows up to $10M investment in Resolute Holdings and waives past default for not making it a loan party.
- Management Agreement with Resolute Holdings limits quarterly management fee to 2.5% of trailing four-quarter EBITDA.
- Resolute Change of Control requires Cote and Knott remain officers and Permitted Holders retain ≥25% voting power.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823144/000110465925000865/0001104659-25-000865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823144/000110465925000865/tm251770d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-000865

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer