Roman DBDR Tech Acquisition Announces Approval of Resolute Holdings Spin-Off

Roman DBDR Tech Acquisition, trading under the ticker symbol OTCMKTS:DBDRU, has disclosed key developments in a recent 8-K SEC filing. The filing, dated February 10, 2025, reveals that the company, known as CompoSecure, Inc., announced certain unaudited financial information for the fiscal year that concluded on December 31, 2024.

The preliminary financial information unveiled outlines that CompoSecure expects net sales for the year to amount to $420.6 million, with net income projected to fall within the range of $(89.2) to $(87.7) million. Additionally, adjusted EBITDA is estimated to range between $149.4 million and $151.4 million, aligning closely with prior guidance figures.

Moreover, CompoSecure informed that its Board of Directors has sanctioned the intended spin-off of Resolute Holdings Management, Inc., a subsidiary wholly owned by the company. The spin-off involves distributing all shares of Resolute Holdings Common Stock as a pro-rata dividend to holders of CompoSecure’s Class A Common Stock. The distribution is slated to occur before the U.S. market opens on February 28, 2025, with Resolute Holdings set to debut on Nasdaq under the ticker “RHLD.”

CompoSecure shareholders are expected to receive one share of Resolute Holdings Common Stock for every twelve shares of CompoSecure Common Stock held as of the record date, February 20, 2025. The distribution is contingent on certain conditions being satisfied or waived.

This significant announcement comes bundled with an expanded share repurchase program by CompoSecure, authorized to climb from $40 million to $100 million. The intricate financial details and the strategic move toward the Resolute Holdings spin-off position CompoSecure for an eventful start to the upcoming market period.

Investors and stakeholders are advised to closely track subsequent filings and official announcements to monitor further progress and updates regarding the spin-off and financial performance of both entities involved.

It is crucial to note that all steps mentioned in the 8-K filing and future forecasts are subject to inherent uncertainties and risks as highlighted by the company. These include complying with the spin-off stipulations, potential market flux during the process, and other factors that could impact CompoSecure’s financial outcomes. Interested parties are urged to engage with the official documentation for the most accurate and up-to-date information.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Roman DBDR Tech Acquisition’s 8K filing here.

About Roman DBDR Tech Acquisition

As of December 27, 2021, Roman DBDR Tech Acquisition Corp. was acquired by CompoSecure, LLC, in a reverse merger transaction. Roman DBDR Tech Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or business combination with one or more businesses in the technology, media, and telecom industries.