CompoSecure director Thomas Knott acquires $3.86m in stock

Thomas R. Knott, a director and significant shareholder of CompoSecure, Inc. (NASDAQ:CMPO), recently acquired a substantial number of shares in the company. According to a recent SEC filing, Knott purchased 233,070 shares of Class A Common Stock on February 20, 2025. The shares were acquired at a weighted average price of $16.57, with individual transaction prices ranging from $16.21 to $16.94. This purchase brings the total value of Knott’s acquisition to approximately $3.86 million. The timing is notable as CMPO shares have surged 251% over the past year, with the stock currently trading near its 52-week high of $17.71. InvestingPro analysis indicates the stock is trading above its Fair Value, with analysts setting price targets between $14.50 and $23.00.

Following this transaction, Knott holds a total of 879,963 shares directly, with additional indirect holdings through entities such as Tungsten 2024 LLC and Resolute Compo Holdings LLC. These entities, along with Knott, have disclaimed beneficial ownership except to the extent of their pecuniary interest. InvestingPro data shows the company maintains strong liquidity with a current ratio of 2.43, and investors can access 6 additional ProTips and comprehensive insider trading analysis through the platform’s Pro Research Report, available for over 1,400 US stocks.

In other recent news, CompoSecure, Inc. has announced its plan to spin off Resolute Holdings Management, Inc. into a separate publicly traded company. This spin-off, expected to be completed in the first quarter of 2025, involves a pro rata distribution of shares in Resolute Holdings to existing shareholders and is subject to customary conditions and approvals. Additionally, CompoSecure has issued 3.6 million shares of Class A common stock as part of an earn-out consideration related to a prior business combination, reflecting a positive milestone for the company. The company has also completed the exchange of all its $130 million 7.00% Exchangeable Notes due 2026 for shares of its Class A common stock, reducing long-term debt from $330 million to $200 million. Furthermore, CompoSecure has eliminated its dual-class structure by exchanging Class B Units for shares of Class A Common Stock, streamlining its equity structure. These developments are part of CompoSecure’s broader strategy to streamline operations and focus on core business segments. The company has also amended its credit agreement with JPMorgan Chase (NYSE:JPM) Bank to facilitate the proposed spin-off, allowing for additional investments under certain conditions. Investors and stakeholders are closely monitoring these strategic moves as CompoSecure navigates significant corporate restructuring.

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