CompoSecure, Inc. - CMPO STOCK NEWS

CompoSecure, a leader in metal payment cards and security solutions, has published its inaugural ESG annual report for 2023. The report underscores the company's commitment to sustainability, notably through its metal payment cards made of 65% post-consumer recycled stainless steel. These cards are more durable and have a longer lifespan compared to plastic cards. The company introduced a waterless cleaning process, reducing water usage by 31.5% in test areas. Additionally, CompoSecure launched a card return and recycling program and engaged in community support initiatives focusing on challenges like food insecurity and mental health. These efforts reflect CompoSecure's dedication to positive environmental, social, and governance outcomes.

CompoSecure CEO Jon Wilk received the Visionary CEO Tech Leadership Award at the Banking Tech Awards USA on May 30th in New York City. The award recognizes his instrumental role in advancing fintech innovation. Under Wilk's leadership, CompoSecure has pioneered the metal payment card market, enhancing customer acquisition, retention, and satisfaction. The company has also integrated additional capabilities into payment cards, such as security and digital asset management with its Arculus technology, further establishing itself as a fintech disruptor.

CompoSecure (Nasdaq: CMPO) has unveiled new Arculus Web3 payment capabilities, allowing consumers to use secure hardware wallets for everyday purchases. Demonstrated at the Consensus by CoinDesk event in Austin, TX, these capabilities let users self-custody digital assets and spend them at the point of sale with simple tap-to-pay technology. This innovation addresses current challenges in digital currency payments by eliminating the need to convert to fiat currency and enabling merchants to accept digital currencies easily and securely. The integration supports both wallet-to-wallet transactions and traditional payment card networks, simplifying the payment process for both consumers and merchants. Arculus is collaborating with PoS vendors, merchants, and Web3 stakeholders to enhance the customer experience.

CompoSecure (Nasdaq: CMPO), a leader in metal payment cards and security solutions, won three 2024 Élan Awards from the International Card Manufacturers Association (ICMA). The awards, which celebrate excellence in the card industry, were given for Best Metal Cards, Environmentally-Friendly Cards, and Best Secure Payment Cards. Notable mentions include the BMW i Precision Card, which features 65% recycled stainless steel, and the Rogers Bank card, known for its carbon-neutral production process. The press release highlights CompoSecure's commitment to innovation, sustainability, and superior design.

Steve Feder, General Counsel and Corporate Secretary at CompoSecure (Nasdaq: CMPO), has been honored in the NJBIZ Leaders in Law awards for 2024. The ceremony took place on May 14, 2024, at The Palace at Somerset Park. This accolade recognizes Feder's extensive legal expertise and his vital role in CompoSecure's operations, including its transition to a publicly traded company. Feder is also noted for his community contributions, such as leading the CompoSecure Bike Team for charity events. The NJBIZ Leaders in Law awards highlight legal professionals for their professional achievements and community service.

CompoSecure (Nasdaq: CMPO), a leader in metal payment cards and security solutions, announced that Chief Product and Innovation Officer, Dr. Adam Lowe, will speak at Seamless Middle East 2024 in Dubai. Lowe will address security challenges and innovations, highlighting the Arculus Authenticate® and Cold Storage technology. His presentations on May 14 and 15 will cover fraud prevention, the importance of secure yet user-friendly technology, and the shift from traditional passwords to hardware passkeys. Lowe aims to demonstrate how Arculus can improve customer experience and protect digital assets, with hands-on demonstrations at Booth H7-F20.

CompoSecure, Inc. announced a partnership with Robinhood Markets, Inc. and Fiserv to create the premier Robinhood Gold Card, a leading payment card program with unique features and rewards. The collaboration aimed to deliver a card that combined starter card capabilities with premium design, family-focused digital features, and bleeding-edge functionalities. CompoSecure successfully met the challenge by producing a metal veneer card with a gold color coating and mechanical engraving, as well as a -edition version made of 10 karat solid gold, weighing 36 grams. The partnership showcases CompoSecure's ability to innovate and deliver exceptional products in the payment card industry.

CompoSecure, Inc. announced the pricing of a secondary offering of 7,000,000 shares of its Class A common stock by certain Selling Shareholders at $6.50 per share, totaling $45,500,000 million in gross proceeds. The Company will not receive any proceeds from the sale. The Offering is expected to close on May 13, 2024, with J.P. Morgan, BofA Securities, and TD Cowen as the joint book-running managers.

CompoSecure, Inc., a leader in metal payment cards, security, and authentication solutions, announced the launch of a secondary offering of 7,000,000 shares of Class A common stock by certain selling shareholders. The underwritten public offering includes a grant of an additional 1,050,000 shares to underwriters. The Company will not receive any proceeds from the sale of shares. J.P. Morgan, BofA Securities, and TD Cowen are the joint book-running managers for the offering. The Offering is made under an existing resale registration statement and preliminary prospectus supplement.