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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. J.P. Morgan, BofA Securities and TD Cowen are acting as joint book-running managers for the Offering. The Offering is being made pursuant to CompoSecure's existing resale registration statement on Form S-1, as amended by Post-Effective Amendment No. 2 to Form S-1 on Form S-3 (including a prospectus) filed with the Securities and Exchange Commission (the "SEC") and declared effective. A preliminary prospectus supplement relating to the Offering will also be filed with the SEC. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this Offering. A copy of the prospectus relating to the securities may ...