Composecure board of directors approves spin-off of resolute holdings and authorizes expanded share repurchase program to $100 million

Record date set at february 20, 2025 to receive shares of resolute holdings management, inc pro rata distribution of shares expected to be completed february 28, 2025 distribution ratio of one share of resolute holdings for every twelve shares of composecure stock resolute holdings shares expected to trade on nasdaq under ticker “rhld” with “when-issued” trading expected to commence on or about february 20, 2025 transaction is expected to be taxable for both composecure and all its shareholders on the record date resolute holdings expected to have limited profitability in fy 2025 composecure issues preliminary fy 2024 results in-line with guidance somerset, n.j., feb. 10, 2025 (globe newswire) -- composecure, inc. (nasdaq: cmpo)(“composecure” or the “company”), a leader in metal payment cards, security, and authentication solutions, today announced that its board of directors has approved the previously announced plan to spin-off its newly formed subsidiary, resolute holdings management, inc. (“resolute holdings”).
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