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CompoSecure Says Three Separate Complaints Were Filed By Purported Shareholders Of The Co For Negligence & Negligent Misrepresentation And Concealment; Complaints Allege That Proxy Statement Is Materially Incomplete & Misleading, Misrepresents And/Or Omits Material Information; Co Believes Complaints Regarding Are Without Any Merit & That No Supplemental Disclosure Is Required Under Applicable Laws

Benzinga·12/12/2025 22:38:10
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As previously disclosed, on November 2, 2025, CompoSecure, Inc., a Delaware corporation ("CompoSecure" or the "Company"), and certain of its subsidiaries entered into a Share Purchase Agreement (the "Transaction Agreement") with Husky Technologies Limited ("Husky"), Platinum Equity Advisors, LLC ("Platinum Equity"), certain entities affiliated with Platinum Equity and certain members of Husky management (collectively, the "Sellers"). Under the terms of the Transaction Agreement, the Company will combine with Husky for aggregate consideration of approximately $3.953 billion in cash and 55,297,297 shares of the Company's Class A Common Stock ("Common Stock"), par value $0.0001 per share, subject to the adjustments set forth in the Transaction Agreement. On November 2, 2025, concurrently with the execution of the Transaction Agreement, the Company also entered into purchase agreements (together, the "Purchase Agreements") with certain investors named therein (collectively, the "Investors"), pursuant to which the Company agreed to issue and sell to the Investors in a private placement an aggregate of 106,056,083 shares of Company Common Stock, at a purchase price of $18.50 per share, for an aggregate purchase price of approximately $1.96 billion.