[SCHEDULE 13D/A] CompoSecure, Inc. SEC Filing
CompoSecure, Inc. Schedule 13D Amendment No. 5 reports changes in outstanding Class A common stock only; no new purchases by the reporting persons are disclosed. The filing states the issuer issued an aggregate of 4.3 million Class A shares after achievement of an earnout threshold on September 8, 2025, increasing shares outstanding to 124,601,737. As a result, Resolute Compo Holdings holds 49,290,409 shares (representing 39.6% of the class) and Tungsten 2024 LLC and Thomas R. Knott each report beneficial ownership of 49,937,302 shares (40.1%). John D. Cote reports aggregate beneficial ownership of 51,437,302 shares (41.3%). The amendment states the change is solely due to the issuer's share issuance and not transactions by the reporting persons.
- Transparent disclosure of the earnout-triggered share issuance and updated beneficial ownership percentages
 - Reporting persons maintain a large, concentrated stake (~40% of Class A shares), preserving significant influence
 
- Issuer dilution: 4.3 million new Class A shares were issued, increasing outstanding shares to 124,601,737
 - Reduction in ownership percentage for the reporting persons was caused by the issuance, altering capitalization and voting percentages
 
Insights
TL;DR: A 4.3M-share earnout issuance raised float and modestly reduced reported ownership percentages; no new acquisitions by reporting parties.
The filing confirms that dilution occurred because CompoSecure issued 4.3 million shares upon achievement of an earnout milestone, increasing total Class A shares to 124,601,737. Reporting persons continue to control a large, concentrated position (roughly 40% of Class A shares each), which maintains their influence over corporate actions. There is no disclosure of purchases, sales, or new funding by the reporting parties; changes in percentages arise solely from the issuer's issuance. For investors, the key quantifiable effects are the incremental dilution and the continued concentrated ownership structure.
TL;DR: Issuance tied to earnout changed ownership percentages, preserving control dynamics but raising governance considerations about dilution and earnout terms.
The amendment highlights that an earnout provision in the merger agreement produced a 4.3 million share issuance. While the reporting group did not transact, the resulting dilution reduces their percentage stakes and may affect voting dynamics and future shareholder approvals. The filing notes consultation rights for Thomas Knott and the managerial role of Tungsten 2024 LLC, underscoring layered control arrangements that investors should map to voting power and potential conflicts. This is a material procedural change in capitalization rather than an operational or transactional change by the reporting persons.