CompoSecure to become publicly-traded via merger with Roman DBDR
By Pavithra R
CompoSecure, a leading provider of premium financial payment cards and emergent provider of cryptocurrency storage and security solutions has announced entering into a definitive merger agreement with Roman DBDR Tech Acquisition Corp., a special purpose acquisition company.
Upon closing of the transaction, the combined company will operate as CompoSecure and will trade on the Nasdaq stock market. The deal values CompoSecure at a pro forma enterprise value of approx. $1.2 bn.
CompoSecure is the pioneer and leader in the design and manufacture of premium financial cards. Using its proprietary manufacturing methods that meet high standards of quality and security, and leading-edge engineering capabilities and technologies, the firm provides some of the largest banks and financial institutions, such as J.P. Morgan Chase and American Express, with innovative products that elevate their customers’ experience. Its innovative cryptocurrency cold-storage and security solution, Arculus, leverages its payment card technology and security expertise to advance cryptocurrency and other digital asset adoption. Arculus enables users to store and manage their digital assets using a secure payment card form factor and intuitive mobile wallet, incorporating a unique three-factor authentication system.
“We are excited to partner with Roman DBDR on our path to becoming a publicly-traded company and we appreciate the ongoing support of our lead investor, LLR Partners, and our founders. CompoSecure’s mission has always been to help our clients offer their customers highly differentiated payment products and solutions which enable them to cultivate new customer acquisition, spending and retention. We have a bold vision for where we can take this business over the next five years, as we deliver superior solutions to the payments, cryptocurrency and broader digital asset marketplace, starting with the upcoming launch of our Arculus solution in the third quarter of 2021. As a public company, we will have access to new sources of capital for both organic and inorganic growth opportunities, and will continue investing in innovation to support our clients and our growth plan. It is a tremendous achievement to reach this milestone in our company’s history, and I look forward to working with our great team to continue to grow this business,” said Jon Wilk, President and CEO of CompoSecure.
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