CompoSecure and Roman DBDR Tech Acquisition announce closing of business combination

By Edlyn Cardoza

CompoSecure Holdings, Inc., a leading provider of premium financial payment cards and an emergent provider of cryptocurrency storage and security solutions, recently reported the closing of its previously announced business combination with Roman DBDR Tech Acquisition Corp., a publicly-traded special acquisition company. Roman DBDR shareholders approved the transaction at Roman DBDR’s stockholder meeting held on December 23, 2021, and completed the transaction on December 27, 2021. The combined company is now called CompoSecure, Inc. It will begin trading on the Nasdaq Global Market at the market open beginning December 28, 2021, under the ticker symbol “CMPO” for its Class A common stock and “CMPOW” for its publicly traded warrants.

“We are pleased to complete our business combination with Roman DBDR and begin our next chapter as a public company,” said Jon Wilk, CEO of CompoSecure. “As I stated at the beginning of this process, we have a bold vision for CompoSecure, as we deliver superior solutions to the payments, cryptocurrency, and broader digital asset marketplace. We look forward to executing our strategic objectives and believe CompoSecure is poised to accelerate its growth and capitalize on the significant opportunities to generate substantial value for all stakeholders.”

Dr. Donald Basile, Co-CEO and Chairman of Roman DBDR, stated, “We were attracted to CompoSecure for its proven business model, strong leadership, and exceptional products, which has completely changed the premium financial payment card industry. And now it is set to completely change the cryptocurrency storage and security solutions with its new Arculus Key^TM card, the next generation of cryptocurrency cold storage. I look forward to continuing my collaboration with Jon and the management team, helping CompoSecure strengthen and grow its position in the emergent cryptocurrency storage and security industry.”

IBS Intelligence had reported that CompoSecure Holdings, L.L.C. a provider of premium financial payment cards and emergent provider of cryptocurrency storage and security solutions, announced that it will manufacture a new crypto rewards credit card for Gemini.