New York, Jan 13, 2026, 13:48 EST — Regular session
- RHLD shares rose after a filing revealed a long-term management-fee agreement linked to Husky’s operating performance
- CompoSecure wrapped up its deal with Husky and set refinancing moves for this week
- Traders eye CompoSecure’s refinancing set to close on Jan. 14 and its ticker switch on Jan. 23
Shares of Resolute Holdings Management, Inc. jumped roughly 11% to $234.70 in midday trading Tuesday in New York. The surge followed a regulatory filing detailing a fresh management deal linked to Husky Technologies’ earnings potential. That filing also revealed a planned auditor change for the next fiscal year.
This move is significant since Resolute’s model relies on recurring management fees, and the Husky contract brings in an additional revenue stream linked directly to operating results. Resolute calls itself a management company that handles operations and capital allocation at CompoSecure, marketing the setup as a “permanent capital platform” for acquisitions. (Resolute Holdings)
CompoSecure, the company behind the Resolute platform, finalized its merger with Husky on Jan. 12, according to a recent filing. The company also secured roughly $1.96 billion through a private investment in public equity (PIPE), selling new shares directly to investors at a fixed price. Shares of CompoSecure climbed around 3% on Tuesday.
CompoSecure announced the close, valuing the combined business at $7.4 billion. The company projects about $635 million in pro forma adjusted EBITDA for 2026, a profit measure excluding interest, taxes, and certain non-cash expenses. Executive Chairman Dave Cote and Chief Investment Officer Tom Knott said they were “thrilled” to finalize the deal and rebrand the entity as GPGI. They emphasized their ongoing commitment to shareholder value. The stock is set to begin trading under the new name and ticker “GPGI” on Jan. 23. (GlobeNewswire)
Husky moved quickly to quell rumors about its operations. CEO Bradley Selleck confirmed there are no immediate shifts in operations or customer service. He emphasized Husky’s commitment to its growth plan, with sustainability and innovation remaining “central” to its pipeline. (Husky)
Resolute’s new deal with Husky kicks off with a 10-year term and will roll over automatically into additional 10-year periods unless ended, according to the filing. Husky Holdings is set to pay a quarterly cash fee amounting to 2.5% of its adjusted EBITDA from the past 12 months — basically a share of operating profit — plus reimburse documented costs and expenses, excluding some specific exceptions.
The fee structure is straightforward, which generally appeals to the market. More importantly for investors, Resolute’s economics depend on how well the managed companies perform, not just on product sales from Resolute itself. This means that successful deal execution and effective operations can rapidly impact the stock price.
But there are risks in play. The filings highlight significant debt at Husky, which CompoSecure is refinancing. Management fees linked to adjusted EBITDA could drop sharply if margins falter or demand weakens. Plus, the agreements include termination clauses and possible fees that could work for or against the parties involved.
Resolute announced it’s switching auditors from Grant Thornton to Ernst & Young for the fiscal year ending Dec. 31, 2026, but the previous year’s audit will remain with Grant Thornton. This shift probably isn’t behind Tuesday’s market moves, but investors tend to watch these changes closely, looking for clues about timing and oversight.
Traders now focus on whether the Husky refinancing deals set to wrap up on Jan. 14 go through smoothly. They’re also eyeing CompoSecure’s planned rebrand and its ticker change to GPGI at the open on Jan. 23, hoping for a seamless transition.
