CompoSecure, Inc. CMPO → Resolute Holdings Management, Inc. RHLD
| Parent | CompoSecure, Inc. CMPO |
|---|---|
| Spinco | Resolute Holdings Management, Inc. RHLD |
| Status | Completed |
| Structure | Spin-off A filing states a pro-rata distribution: holders receive shares automatically. |
| Focus | Focus-increasing Parent and spinco operate in different industries — the class the research associates with stronger post-separation returns. |
| Ratio | 1 Resolute Holdings share for every 12 CompoSecure shares |
| Checked against EDGAR | 2026-08-22 |
Data trap
A Form 25 on this company is not a delisting. It voluntarily withdrew from Nasdaq in September 2025 and moved to the NYSE under the same ticker, trading without interruption — Nasdaq ceased at one close and the NYSE opened the next morning. Recording that Form 25 as an end of life would retire a listed company. The parent has also since renamed itself, so a name lookup today will not return the name that appears in the deal filings.
The restated filings have landed; this is kept as history.
Catalyst clock
- 2024-12-30Separation announced
- 2024-12-30Form 10 filed
- 2025-02-10Form 10 last amended
- 2025-02-13Form 10 effective
- 2025-02-20Record date
- 2025-02-20When-issued trading opens
- 2025-02-28Distribution
- 2025-05-12First standalone earnings
- —Index inclusion announced
Performance since separation
| Resolute Holdings Management, Inc. since separation | +172.60% |
|---|---|
| CompoSecure, Inc. over the same window | stopped trading before the window closed |
| S&P 500 (SPY) over the same window | +28.87% |
| Russell 2000 (IWM) over the same window | +39.74% |
| Excess over the S&P 500 | +143.73% |
| Excess over the Russell 2000 | +132.86% |
Measured from the first regular-way close on or after the distribution — 2025-02-28 at 46.82 — to 2026-08-21 at 127.63. Window: 1.5 years. Two benchmarks, because one is misleading: spin-offs are usually small companies, and across this period small caps lagged the S&P by several points a year on their own. Measured against the S&P alone, roughly a third of any shortfall is company size rather than the separation. Returns are arithmetic over end-of-day closing prices. Unlike every other figure on this page, they do not come from a filing.
Filings
Every fact on this page comes from one of these.
- 10-12B/Afiled 2025-02-10 · 0001104659-25-010902Amendment 3 to the Form 10
- 8-Kfiled 2025-02-14 · 0001104659-25-013546Form 10 declared effective; final information statement with the 1-for-12 ratio, the February 20 record date and the February 28 regular-way start
- 8-Kfiled 2025-02-28 · 0000950142-25-000550Completion: pro rata distribution of all issued and outstanding shares
- 10-Kfiled 2025-03-31 · 0001410578-25-000595First annual report; 8,525,998 shares outstanding and regular-way trading from February 28, 2025
- 8-Kfiled 2025-09-08 · 0000950142-25-002400Voluntary withdrawal from Nasdaq and transfer of the listing to the NYSE under the same ticker
Notes
CompoSecure's separation of a newly created management company, which then signed a ten-year agreement to manage its former parent — so the spinco's revenue comes from the company it was spun out of. An unusual structure worth flagging to anyone comparing it with operating-business separations. Classified focus_increasing: Resolute Holdings is a fee-based management company managing CompoSecure under a ten-year contract, while CompoSecure remains a card manufacturer — an asset-light management platform separated from a diversified operating business, by the filing's own framing. Notably taxable to CompoSecure stockholders rather than the usual tax-free spin structure.