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Holdings","url":"https://stock-news.laohu8.com/highlight/detail?id=2514323515","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514323515?lang=en_us&edition=fundamental","pubTime":"2025-02-28 20:00","pubTimestamp":1740744000,"startTime":"0","endTime":"0","summary":"SOMERSET, N.J., and NEW YORK, Feb. 28, 2025  -- CompoSecure, Inc.  , a leader in metal payment cards, security, and authentication solutions, today announced the completion of the spin-off of its subsidiary, Resolute Holdings Management, Inc.  , into a separate public company, effective 12:01 a.m. Eastern Standard Time on February 28, 2025.Under the terms of the separation, each stockholder of record who held CompoSecure common stock as of the close of business on February 20, 2025, the record date for the distribution, received one share of Resolute Holdings common stock for every twelve shares of CompoSecure common stock held on the record date. Cash will be paid in lieu of fractional shares.The distribution of shares in Resolute Holdings will give rise to a taxable gain to CompoSecure and will be treated as a taxable dividend to all existing CompoSecure shareholders for U.S. federal and applicable state and local tax purposes.Goldman Sachs & Co. 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