CompoSecure, Inc., located in Somerset, a leader in metal payment cards and authentication solutions, has completed the spin-off of its subsidiary, Resolute Holdings Management, Inc. (Nasdaq: RHLD), into a standalone public company. The separation became effective today.
As part of the transaction, CompoSecure (Nasdaq: CMPO), stockholders of record as of February 20, 2025, received one share of Resolute Holdings common stock for every twelve shares of CompoSecure stock they owned. Fractional shares will be settled in cash. The distribution is considered a taxable event for both CompoSecure and its shareholders.
Resolute Holdings, led by David Cote and Tom Knott, operates as an alternative asset management platform providing oversight of capital allocation strategies, operational practices, and M&A execution for CompoSecure and other future managed businesses. The company employs its proprietary Resolute Operating System to drive long-term value creation across its portfolio.
Resolute Holdings will begin trading today on Nasdaq under the ticker symbol “RHLD,” while CompoSecure will continue to trade as “CMPO.”
Goldman Sachs & Co. LLC advised CompoSecure on the transaction, with legal counsel from Paul, Weiss, Rifkind, Wharton & Garrison LLP.
