CompoSecure (CMPO) Soars 7.86% as Firm Lowers Debt, Rebrands

We precocious published 10 Stock With Eye-Popping Gains; 5 Are connected Fresh Highs. CompoSecure Inc. (NYSE:CMPO) was 1 of the apical performers connected Thursday.

CompoSecure extended its winning streak to a 3rd consecutive time connected Thursday, jumping 7.86 percent to adjacent astatine $25.25 apiece arsenic investors took bosom from an inaugural to trim its existing debt, portion digesting the interaction of its rebranding.

In a statement, CompoSecure Inc. (NYSE:CMPO) said that it was capable to trim its existing aged indebtedness pursuing the palmy raising of immoderate $2.5 cardinal successful caller funds from the issuance of $900 cardinal worthy of elder secured notes owed 2033, a caller word indebtedness installation amounting to $1.2 billion, and $400 cardinal successful revolving commitments owed 2031.

The notes transportation a output complaint of 5.625 percent per annum, payable semi-annually connected February 1 and August 1 of each twelvemonth until their maturity.

State budgets displacement arsenic wide moves successful the U.S. redirect taxation gross and reshape section economical priorities.

Meanwhile, the word indebtedness carries an involvement complaint based connected the modular overnight financing complaint positive 2.25 percent, and was issued astatine a terms of 99.875 percent of the look amount.

“This refinancing lowers the company’s wide outgo of capital, extends maturities, and enhances liquidity and fiscal flexibility, strengthening the Company’s superior operation to enactment continued strategical maturation initiatives,” CompoSecure Inc. (NYSE:CMPO) said.

Meanwhile, CompoSecure Inc. (NYSE:CMPO) connected Monday announced plans to rebrand to GPGI Inc., which means “Great Positions successful Good Industries.” Its ticker awesome would besides alteration to GPGI from CMPO opening January 23, 2026.

The rebrand followed the palmy merger with Husky Technologies Ltd. valuing the merged steadfast astatine $7.4 billion.

While we admit the imaginable of CMPO arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.