Brief: CompoSecure to Become a Publicly Traded Company Through Merger With Roman DBDR Tech Acquisition Corp

GPGI (Nevada)

19/04/2021 12:54

April 19 (Reuters) - Roman DBDR Tech Acquisition Corp
 DBDR.O :
    * COMPOSECURE TO BECOME A PUBLICLY TRADED COMPANY THROUGH
MERGER
WITH ROMAN DBDR TECH ACQUISITION CORP.
    * ROMAN DBDR TECH ACQUISITION CORP - TRANSACTION REFLECTS A
PRO
FORMA ENTERPRISE VALUE FOR COMPANY OF APPROXIMATELY $1.2 BILLION
    * ROMAN DBDR TECH - UPON CLOSING OF TRANSACTION, COMBINED
COMPANY
WILL OPERATE AS COMPOSECURE, INC. AND PLANS TO TRADE ON NASDAQ
STOCK MARKET
    * ROMAN DBDR TECH ACQUISITION - DEAL INCLUDES $175 MILLION
FULLY
COMMITTED EXCHANGEABLE NOTES AND COMMON STOCK PIPE FINANCING
    * ROMAN DBDR TECH - COMPOSECURE'S CURRENT EQUITY HOLDERS
WILL OWN
ABOUT 60% OF PRO FORMA COMPANY IMMEDIATELY AFTER CLOSING,
ASSUMING NO REDEMPTIONS
    * ROMAN DBDR TECH ACQUISITION CORP - PIPE FINANCING FROM
PRIVATE
INVESTORS LED BY FUNDS & ACCOUNTS MANAGED BY BLACKROCK &
HIGHBRIDGE CAPITAL MANAGEMENT
    * ROMAN DBDR TECH ACQUISITION CORP - $130 MILLION OF
EXCHANGEABLE
UNSECURED NOTES HAVE A FIVE YEAR MATURITY AND HAVE A CONVERSION
PRICE OF $11.50

Source text for Eikon:  ID:nBw9qQK9pa 
Further company coverage:  DBDR.O 

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