NEW YORK, Jan 12, 2026, 15:44 EST — Regular session
CompoSecure, Inc. (CMPO) shares dropped roughly 8% Monday after the metal payment-card maker announced it finalized its business combination with Husky Technologies and will rebrand as GPGI. The stock slid $1.79 to $20.39 in afternoon trading in New York, fluctuating between $20.15 and $22.15 earlier. The company said its shares will start trading under the new ticker “GPGI” on Jan. 23. (GlobeNewswire)
The close changes everything—it shifts the question from “will the deal happen” to “what’s the company’s profile on day one.” Traders who jumped in during the rally before the close tend to rethink quickly once the deal is sealed.
It’s also coming with a ticker change on the horizon. Symbol switches tend to cause short-term headaches — think index tracking, broker systems, and just plain confusion. Small-cap stocks often bear the brunt of this more than others.
CompoSecure values the combined business at $7.4 billion, roughly 11.6 times its projected 2026 pro forma adjusted EBITDA — which excludes certain items from earnings before interest, taxes, depreciation, and amortization. The company expects the deal to boost adjusted diluted EPS by more than 20% in the first full year after closing, while delivering about a 7.5% free cash flow yield for that period. Funding came from $2.0 billion in debt, a $2.0 billion private placement, and a $1.0 billion rollover from Platinum Equity, CompoSecure said. (Barchart)
Executive Chairman Dave Cote and CIO Tom Knott said they were “thrilled” to finalize the deal and transition to the GPGI name, which the company defines as “Great Positions in Good Industries.” (Streetinsider)
Husky Technologies CEO Bradley Selleck said the deal aligns with the company’s long-term strategy and emphasized there are “no immediate changes” to operations or customer experience. The business combination was initially announced back in November 2025. (Husky)
On the tape, the action felt less like a straightforward vote and more like a reset. Shares swung broadly as investors absorbed the reality: the company is shifting from a single-story issuer-services model to a two-segment platform operating on distinct cycles.
Some tension is already showing in the core business. Payments Dive, the payments industry outlet, reported Monday that CompoSecure controls roughly 75% of the metal-card market. About 70% of its revenue stems from just four clients, according to a November securities filing. American Express and JPMorgan Chase top the list of metal-card issuers. (Payments Dive)
But the deal introduces fresh complexities. Husky’s key sectors—packaging, medical, consumer goods—can cool off fast when orders dip. Plus, the company is now juggling additional debt with a larger operational scope.
The next key date for investors is Jan. 23, when the stock should start trading as GPGI on the NYSE. After that, traders will be keenly eyeing any regulatory filings released after the close and looking for early hints on how management intends to present the combined results and discuss capital allocation.
