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Resolute Holdings Management, Inc. (NASDAQ:RHLD) has officially announced the details of its upcoming spin-off from parent company CompoSecure, Inc. The announcement was made following the effectiveness of a registration statement filed with the U.S. Securities and Exchange Commission (SEC) on February 13, 2025.
According to the information statement released on Thursday, the spin-off is expected to take effect at 12:01 a.m. New York City time on February 28, 2025, subject to the satisfaction or waiver of certain conditions. Shareholders of CompoSecure's Class A common stock as of the record date, February 20, 2025, will receive one share of Resolute Holdings Management's common stock for every twelve shares of CompoSecure common stock held.
Starting around the record date, Resolute Holdings' common stock is anticipated to trade on a "when-issued" basis on The Nasdaq Stock Market under the ticker symbol "RHLDV". After the market closes on February 27, 2025, when-issued trading will conclude. Assuming the spin-off occurs as scheduled, "regular-way" trading under the ticker "RHLD" is slated to commence on February 28, 2025.
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