Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

April 19, 2021, 8:10 a.m. EDT

CompoSecure to go public through a SPAC merger valuing emergent crypto-storage company at $1.2 billion

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Roman DBDR Tech Acquisition Corp. Cl A (DBDR)
  • X
    JPMorgan Chase & Co. (JPM)
  • X
    American Express Co. (AXP)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

CompoSecure Holdings L.L.C. will become a publicly traded company, after the provider of financial payment cards and emerging provider of cryptocurrency storage services announced an agreement to be acquired by special purpose acquisition company (SPAC) Roman DBDR Tech Acquisition Corp. /zigman2/quotes/222657778/composite DBDR -0.20% , in a deal valuing CompoSecure about $1.2 billion. CompoSecure said its customers include J.P. Morgan Chase & Co. /zigman2/quotes/205971034/composite JPM -0.69% and American Express Co. /zigman2/quotes/203805826/composite AXP -1.38% . After the deal closes, which is expected to occur in the third quarter of 2021, the combined company will operate as CompoSecure and be listed on the Nasdaq; the expected ticker symbol was not disclosed. CompoSecure said its cryptocurrency cold storage and security services product, Arculus, is expected to launch in the third quarter of 2021. Shares of Roman DBDR, which went public in November, rose 4.0% in premarket trading. It has slipped 3.9% over the past three months through Friday, while the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -3.42% has dropped 6.3% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.14% has gained 10.2%.

/zigman2/quotes/222657778/composite
US : U.S.: Nasdaq
$ 10.06
-0.02 -0.20%
Volume: 39,638
May 12, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$291.77 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 157.45
-1.09 -0.69%
Volume: 14.38M
May 12, 2021 4:00p
P/E Ratio
12.50
Dividend Yield
2.29%
Market Cap
$479.92 billion
Rev. per Employee
$498,110
loading...
/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 152.30
-2.13 -1.38%
Volume: 3.49M
May 12, 2021 4:02p
P/E Ratio
24.99
Dividend Yield
1.13%
Market Cap
$124.05 billion
Rev. per Employee
$599,451
loading...
/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 54.77
-1.94 -3.42%
Volume: 484,426
May 12, 2021 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,063.04
-89.06 -2.14%
Volume: 2.40B
May 12, 2021 5:03p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.