CompoSecure sets Feb 28 spin-off of Resolute Holdings; prelim FY2024 rev $420.6M in line

GPGI, Inc.

Record date Feb 20, 2025; distribution ratio 1 share RHLD per 12 CMPO shares; expected to trade under 'RHLD'.
Share repurchase authorization increased from $40M to $100M.
Preliminary FY2024 net sales $420.6M; net income $(89.2)-$(87.7)M; adjusted EBITDA $149.4-$151.4M.
Distribution taxable as dividend to CMPO shareholders for U.S. federal and state tax purposes.
Resolute Holdings expects limited profitability in FY2025 as it builds infrastructure.

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