Spin-offs/CompoSecure, Inc. → Resolute Holdings Management, Inc.

Resolute Holdings Management, Inc.RHLD

Spin-off from CompoSecure, Inc. (CMPO) · Feb 28, 2025 · Nasdaq

Announced

—

Form 10 filed

Dec 30, 2024

Record date

Feb 20, 2025

Distributed

Feb 28, 2025

Ratio

1 : 12

Debt loaded

—

Cash to parent

—

Latest filing

Feb 10, 2025

one share of Resolute Holdings common stock for every twelve shares of CompoSecure common stock

Documents

Form 10 Information statement New company filings Parent filings Company site

Both companies today

The new company

Resolute Holdings Management, Inc.RHLD

Market cap

$1.16B

Moat

None

Quality

Price

$136.59

Fair value

—

Price / FV

—

The parent

CompoSecure, Inc.CMPO

Not in MoatScope's coverage yet — numbers appear once the shares trade and the first filings land.

Moat ratings, quality scores and fair value estimates are MoatScope research opinions and refresh with the data pipeline. Price / FV below 1.00× means the shares trade under our base-case estimate.

What is being separated

Resolute Holdings is an asset-light management company led by David Cote and Tom Knott that earns management fees from CompoSecure Holdings under a long-term management contract, with the intent to manage additional acquired businesses over time. CompoSecure keeps its metal payment-card manufacturing business.

Stated rationaleThe separation lets shareholders own the management platform and the operating business as two distinct securities, with Resolute's fee stream tied to CompoSecure's earnings and future acquisitions.

The four questions

The four-question write-up for Resolute Holdings Management, Inc. is pending. Terms, documents and both companies’ numbers above are live; the checklist is added once the information statement has been worked through.

Not investment advice. Terms are as stated in the latest filing; spin-off shares are often thinly covered and volatile in their first months.