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Roman DBDR Technology Acquisition Corp. at the Forefront of the Digital Asset Revolution with Acquisition of CompoSecure and Subsequent Launch of the Arculus Wallet

  • Written by Newsfile

Somerset, New Jersey--(Newsfile Corp. - August 5, 2021) - The market for cryptocurrency cold storage wallets is heating up as eager users and merchants seek solutions beyond the clunky hardware solutions that exist today. Roman DBDR Tech Acquisition Corp., a special purpose acquisition company, is at the forefront of this digital asset revolution after its proposed acquisition of CompoSecure LLC (CompoSecure), a pioneer and category leader in premium financial cards. The company's merger with CompoSecure marks a crucial milestone in Roman DBDR's digital asset technology strategy as it includes the launch of Arculus, a next-generation cryptocurrency cold storage hardware wallet.

To view the full announcement, including downloadable images, bios, and more, click here[1].

Key Takeaways:

  • Roman DBDR looks to capitalize on demand for crypto hardware cold storage wallets with CompoSecure's Arculus Wallet.
  • CompoSecure's innovative cryptocurrency security solution, Arculus, combines the ease of use of a hot wallet with the safety and security of cold storage.
  • Roman DBDR's acquisition of CompoSecure marks a crucial milestone in its digital asset technology strategy.

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About Roman DBDR Tech Acquisition Corp.Roman DBDR is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies in the technology, media and telecom ("TMT") industries. The Company is led by its Co-Chief Executive Officers, Dr. Donald G. Basile and Dixon Doll, Jr. The Company's experienced board of directors includes former NVCA Chairman and longtime venture capitalist Dixon Doll, Global Net Lease CEO James L. Nelson, former fund manager Paul Misir, investment banker and investor Arun Abraham, and entrepreneur Alan Clingman. For more information, please visit https://www.romandbdr.com/[2]. Roman DBDR raised $236 million in its initial public offering (inclusive of underwriter's exercise of over-allotment option) in November 2020 and is listed on Nasdaq under the symbol "DBDR."

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About CompoSecureFounded in 2000, CompoSecure is a pioneer and category leader in premium payment cards and an emergent provider of cryptocurrency and digital asset storage and security solutions. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers secure, innovative, and durable proprietary products that implement leading-edge engineering capabilities and security. CompoSecure's mission is to increase clients' brand equity in the marketplace by offering products and solutions which differentiate the brands they represent, thus elevating cardholder experience. For more information, please visit www.composecure.com[3]. Arculus was created with the mission to promote cryptocurrency adoption by making it safe, simple and secure for the average person to buy, sell and store cryptocurrency. With a strong background in security hardware and financial payments, the Arculus solution was developed to allow people to use a familiar payment card form factor to manage their cryptocurrency. For more information, please visit http://www.arculus.co[4].

On April 19, 2021, CompoSecure announced that it had signed a merger agreement with Roman DBDR Tech Acquisition Corp. ("Roman DBDR"), a special purpose acquisition company. Upon closing of the proposed merger, the combined company will operate as CompoSecure, Inc. and plans to trade on the Nasdaq stock market. The transaction reflects a pro forma enterprise value for the combined company of approximately $1.2 billion. The transaction is expected to close in the third quarter of 2021 and remains subject to approval by Roman DBDR stockholders, the expiration of the HSR Act waiting period, and other customary closing conditions.

Contacts:

Christine Lenzo+1 (917) 428-8923info@kmslmedia.com[5]

Source: Roman DBDR[6]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92215[7].

References

  1. ^ click here (www.newsfilecorp.com)
  2. ^ https://www.romandbdr.com/ (www.newsfilecorp.com)
  3. ^ www.composecure.com (www.newsfilecorp.com)
  4. ^ http://www.arculus.co (www.newsfilecorp.com)
  5. ^ info@kmslmedia.com (www.newsfilecorp.com)
  6. ^ Roman DBDR (www.newsfilecorp.com)
  7. ^ https://www.newsfilecorp.com/release/92215 (www.newsfilecorp.com)

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