Composecure announces launch of secondary offering of shares of class a common stock by selling shareholders

Somerset, n.j., may 08, 2024 (globe newswire) -- composecure, inc. (“composecure” or the “company”) (nasdaq: cmpo), a leader in metal payment cards, security, and authentication solutions, today announced the commencement of an underwritten public offering (the “offering”) of 7,000,000 shares of the company's class a common stock, par value $0.0001 per share (the “class a common stock”), by certain shareholders of the company (the “selling shareholders”). in connection with the offering, the selling shareholders expect to grant the underwriters a 30-day option to purchase an additional 1,050,000 shares of class a common stock. composecure is not offering any shares of its class a common stock in the offering and will not receive any proceeds from the sale of shares of class a common stock in the offering.
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