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An announcement from CompoSecure (CMPO) is now available.
CompoSecure, Inc. has teamed up with major financial players like J.P. Morgan and BofA for a secondary offering of 7 million shares, priced at $6.50 each. Set to close on May 13, 2024, this move will benefit the selling stockholders exclusively, as the company itself won’t be selling any stock or gaining proceeds from this offering. The offering follows regulatory compliance with the SEC and includes an over-allotment option fully exercised by the underwriters, further indicating robust market interest.
Learn more about CMPO stock on TipRanks’ Stock Analysis page.