CompoSecure Files 8-K: Material Agreement & Financial Update
Ticker: GPGI · Form: 8-K · Filed: Mar 6, 2024 · CIK: 1823144
| Field | Detail |
|---|---|
| Company | Composecure, Inc. (GPGI) |
| Form Type | 8-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $40,000,000, $40 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-results, regulation-fd
Related Tickers: CMPO
TL;DR
CMPO filed an 8-K detailing a new material agreement and financial results. Check it out!
AI Summary
CompoSecure, Inc. announced on March 1, 2024, that it entered into a material definitive agreement. The company also reported its results of operations and financial condition. This filing includes financial statements and exhibits, and is a Regulation FD disclosure.
Why It Matters
This 8-K filing provides crucial updates on CompoSecure's financial performance and significant contractual agreements, which are vital for investors to assess the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — Material definitive agreements and financial condition updates can significantly impact a company's stock price, warranting a medium risk assessment.
Key Players & Entities
- CompoSecure, Inc. (company) — Registrant
- Roman DBDR Tech Acquisition Corp. (company) — Former Company Name
- March 1, 2024 (date) — Earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by CompoSecure, Inc. on March 1, 2024?
The filing indicates that CompoSecure, Inc. entered into a material definitive agreement on March 1, 2024, but the specific details of this agreement are not provided in the provided text.
What specific financial results are reported in this 8-K filing?
The filing states that CompoSecure, Inc. reported its results of operations and financial condition, but the specific financial figures are not detailed in the provided text.
What was CompoSecure, Inc.'s former company name?
CompoSecure, Inc.'s former company name was Roman DBDR Tech Acquisition Corp.
On what date was this 8-K report filed?
This 8-K report was filed on March 6, 2024.
What is CompoSecure, Inc.'s state of incorporation?
CompoSecure, Inc. is incorporated in Delaware.
Filing Stats: 839 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-03-06 16:10:18
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value CMPO Nasdaq Global Market
- $40,000,000 — es in an aggregate amount not to exceed $40,000,000 at any time. The foregoing is a summar
- $40 million — roval of a repurchase program for up to $40 million of the Company's outstanding shares of
Filing Documents
- tm248036d1_8k.htm (8-K) — 34KB
- tm248036d1_ex99-1.htm (EX-99.1) — 207KB
- tm248036d1_ex99-2.htm (EX-99.2) — 41KB
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- tm248036d1_ex99-1img001.jpg (GRAPHIC) — 18KB
- 0001104659-24-031476.txt ( ) — 11999KB
- cmpo-20240301.xsd (EX-101.SCH) — 4KB
- cmpo-20240301_def.xml (EX-101.DEF) — 26KB
- cmpo-20240301_lab.xml (EX-101.LAB) — 37KB
- cmpo-20240301_pre.xml (EX-101.PRE) — 25KB
- tm248036d1_8k_htm.xml (XML) — 6KB
01
Item 1.01 Entry into a Material Definitive Agreement On March 1, 2024, CompoSecure Holdings, L.L.C. ("Holdings"), CompoSecure, L.L.C. ("CompoSecure"), Arculus Holdings, L.L.C. ("Arculus" and collectively with Holdings and CompoSecure, the "Companies"), JPMorgan Chase Bank, National Association, as administrative agent ("JPMC"), and the lenders party thereto, entered into Amendment No. 2 to Third Amended and Restated Credit Agreement (the "Second Amendment"). The Second Amendment amended the Third Amended and Restated Credit Agreement, dated as of December 21, 2021, as amended by Amendment No. 1 to Third Amended and Restated Credit Agreement, dated as of February 28, 2023 (as amended, the "Amended Credit Agreement"). to repurchase outstanding shares of common stock, outstanding warrants to purchase shares of common stock and/or outstanding convertible notes in an aggregate amount not to exceed $40,000,000 at any time. The foregoing is a summary of the material terms and conditions of the Second Amendment and not a complete discussion of the document. Accordingly, the foregoing is qualified in its entirety by reference to the full text of the Second Amendment, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2024. Item 2.02 Results of Operation and Financial Condition On March 6, 2024, the Company issued a press release announcing its financial results for the full year 2023 and the three months ended December 31, 2023, and provided an investor presentation to accompany the press release. The press release and business presentation provide business updates, including the approval of a repurchase program for up to $40 million of the Company's outstanding shares of common stock, warrants and/or notes exchangeable for shares of common stock (the "Repurchase Program"). T