Roman DBDR Tech Acquisition in an 8-K filing today included an analyst presentation on its pending merger with CompoSecure Holdings, a company that provides premium payment cards and cryptocurrency, digital asset storage and security solutions.
Announced in April, the transaction reflects a pro forma enterprise value for the combined company of approximately $1.2 billion.
The cash components of the transaction will be funded by Roman DBDR’s cash in trust of approximately $236 million (assuming no redemptions) as well as a $175 million private placement financing of 7.00% exchangeable unsecured notes and common equity from institutional investors, led by funds and accounts managed by BlackRock and Highbridge Capital Management.
Pending shareholder approval, upon closing the combined company will operate as CompoSecure, Inc. and plans to trade on the Nasdaq. Read more.