XML 40 R24.htm IDEA: XBRL DOCUMENT v3.25.3
SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENT SUBSEQUENT EVENT
On November 2, 2025, the Company entered into a Share Purchase Agreement with entities affiliated with Platinum Equity pursuant to which the Company will combine with Husky Technologies Limited (“Husky”) for aggregate consideration of approximately $4.976 billion, comprised of cash and shares of CompoSecure Class A Common Stock. In conjunction with the closing of the Company’s planned business combination with Husky, Husky will become a wholly owned subsidiary of Holdings and Resolute Holdings will enter into a management agreement with Husky, on substantially the same terms as the CompoSecure Management Agreement. Concurrently with the execution of the Share Purchase Agreement, the Company entered into purchase agreements with certain investors named therein pursuant to which the Company agreed to issue and sell to such investors in a private placement an aggregate of approximately 106 million shares of CompoSecure Common Stock at a purchase price of $18.50 per share, for an aggregate purchase price of approximately $1.96 billion. The closing of the private placements is conditioned upon the substantially concurrent consummation of the business combination with Husky. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approval.

On November 3, 2025, the Company called for redemption all of its issued and outstanding warrants to purchase shares of the Company’s Class A Common Stock, par value $0.0001 per share that were issued under a warrant agreement, dated as of November 20, 2020.