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Roman DBDR Tech Acquisition Corp.

DBDR · NYSE · formerly CompoSecure, Inc.

Trust settledGPGI, Inc. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from Roman DBDR Tech Sponsor, LLC, listed on NYSE in November 2020.
What it's doing now
It agreed to buy GPGI, Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
GPGI, Inc.
Industry
the deal record does not name the target's industry yet
Deal value
not stated in the filings we hold
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
9 November 2020
size not on file
Headquarters
309 PIERCE STREET, SOMERSET, NJ, 08873
registered in Delaware
Lead underwriter
not extracted from the prospectus yet
Key officers
THOMPSON JANE J. (Director) · Moriarty Kevin M (Director) · Mikkilineni Krishna (Director)
Listed securities
DBDR common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 9 November 2020IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

The score

deterministic, from filed fields

DBDR is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Roman DBDR Tech Acquisition Corp. was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker DBDR. The company priced its initial public offering on November 9, 2020, under SEC file number 333-249330, with shares registered for cash on Form S-1. It was classified under SEC SIC industry code 6199 (Finance Services) and described itself as a blank check company in its 424B4 prospectus. The company completed a business combination and ceased filing, with its change in shell company status reported on Form 8-K filed December 29, 2021. EDGAR now files this CIK (0001823144) under the name GPGI, Inc.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • 8-K6 August 20260001628280-26-053821opens on sec.gov in a new tab

    The SPAC is closed and the post-deal entity is performing in line with revised guidance, with CompoSecure strength offsetting Husky weakness from elevated oil/resin prices and tariff uncertainty. GPGI ended 2Q26 with $115M cash, $2,000M net debt (3.9x leverage), and no near-term maturities, targeting year-end leverage of ~3.0x.

  • 10-Q6 August 20260001628280-26-053968opens on sec.gov in a new tab

    The SPAC has fully transformed into a permanent capital platform with two operating businesses (CompoSecure and Husky), rendering original SPAC trust/redemption mechanics irrelevant. The securities class action and Husky LTIP performance targets not being met as of June 30, 2026 introduce material downside risk for current shareholders.

  • DEFA14A28 May 20260001104659-26-067652opens on sec.gov in a new tab

    The direct claims attack the very transaction on the ballot: they allege that members of the board breached fiduciary duties in connection with the proposed Delaware-to-Nevada reincorporation, and that Resolute Holdings Management, Inc. aided and abetted those breaches. The derivative claims target the spin-off of Resolute Holdings Management and the company's combination with Husky Technologies Limited. The complaints seek rescission of the challenged transactions, damages and equitable relief. The company continues to vigorously dispute them.

  • DEF 14A20 April 20260001104659-26-045522opens on sec.gov in a new tab

    Reincorporating from Delaware to Nevada is a governance change, not an economic one - the share exchange is one for one - but it swaps Delaware's developed body of fiduciary-duty case law and its Court of Chancery for Nevada's statutes, which are materially more protective of directors and officers against liability. For minority holders that reduces the practical ability to challenge board conduct, which is why this is put to a separate special meeting rather than bundled into the annual.

  • DEFM14A24 November 20250001104659-25-115180opens on sec.gov in a new tab

    A $1.96 billion equity issuance at $18.50 a share against 126.4 million shares outstanding roughly doubles the company - this is a transformational acquisition financed by dilution, not a routine cap increase. The price sets a hard reference for what sophisticated buyers paid, so it is the number against which the market will mark the stock. Rule 312.03 forces the vote precisely because the issuance is this large relative to the existing base.

  • PREM14A13 November 20250001104659-25-110538opens on sec.gov in a new tab

    The cash is raised by a concurrent private placement of approximately 106,057,000 shares at $18.50 per share, roughly $1.96 billion — nearly twice the share count going to the sellers, so the financing dilutes more than the acquisition does. CompoSecure estimates that immediately after closing existing stockholders hold about 45% of the common stock, the sellers about 19% and the private placement investors about 36%. The transactions cannot be completed unless the stock issuance proposal is approved, and a failure to vote has no effect on that proposal.

Show 3 more material filings
  • DEF 14A18 April 20250001140361-25-014504opens on sec.gov in a new tab

    Collapsing the dual-class structure puts every holder on the same footing for the first time since the combination, and it came with a wholesale board change on September 17, 2024 — Mitchell Hollin and Michele Logan resigned, David Cote joined as Executive Chairman, and John Cote, Joseph J. DeAngelo, Roger Fradin, Mark James and Thomas R. Knott joined as members. This is effectively a new controlling group seating its own board on a staggered three-class structure, ratified at this meeting.

  • DEFM14A30 November 20210001104659-21-144642opens on sec.gov in a new tab

    Almost none of the consideration is fixed. The cash leg is the trust account, $236.2 million as of April 19, 2021, net of redemptions, plus $130 million of CompoSecure Exchangeable Notes and $45 million of privately placed Class A Common Stock, less transaction expenses. The equity leg, issued privately under Section 4(a)(2) rather than registered, is whatever remains of CompoSecure's enterprise value, valued at $10.00 per share and paid in Class B Common Units with matching Class B Common Stock, and up to 7,500,000 further shares or units are earn-out tied to stock price thresholds.

  • PREM14A28 May 20210001104659-21-073434opens on sec.gov in a new tab

    The cash component is a residual after redemptions: the trust held $236.2 million as of April 19, 2021, net of amounts paid to holders who redeem, plus the proceeds of $130 million of CompoSecure Exchangeable Notes and $45 million of Roman DBDR Class A Common Stock, minus transaction expenses. Whatever the cash does not cover is paid in Class B Common Units of CompoSecure valued at $10.00 per share with matching Class B Common Stock, so redemptions shift the deal from cash to equity. An earn-out of up to 7,500,000 further shares or units turns on stock price thresholds.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

  • 8-K6 August 20260001628280-26-053821opens on sec.gov in a new tab

    What changed: GPGI filed a 2Q26 earnings presentation reporting Pro Forma Adjusted Net Sales of $473.2M and Pro Forma Adjusted EBITDA of $113.9M, with CompoSecure delivering record sales of $133.6M (+11.7% y/y) while Husky declined 9.2% to $339.6M. The company reiterated FY26 guidance of $1,950–$2,100M in Pro Forma Adjusted Net Sales and $550–$610M in Pro Forma Adjusted EBITDA. Why it matters: The SPAC is closed and the post-deal entity is performing in line with revised guidance, with CompoSecure strength offsetting Husky weakness from elevated oil/resin prices and tariff uncertainty. GPGI ended 2Q26 with $115M cash, $2,000M net debt (3.9x leverage), and no near-term maturities, targeting year-end leverage of ~3.0x.

  • 10-Q6 August 20260001628280-26-053968opens on sec.gov in a new tab

    What changed: GPGI, Inc. (formerly Roman DBDR Tech Acquisition Corp.) filed a 10-Q for Q2 2026 showing 289.9M Class A shares outstanding, a $3.17B equity method investment in GPGI Holdings, and a $4.98B Husky Transaction that closed January 12, 2026. The company reincorporated from Delaware to Nevada on June 5, 2026 and faces a securities class action filed July 14, 2026 over Husky valuation disclosures. Why it matters: The SPAC has fully transformed into a permanent capital platform with two operating businesses (CompoSecure and Husky), rendering original SPAC trust/redemption mechanics irrelevant. The securities class action and Husky LTIP performance targets not being met as of June 30, 2026 introduce material downside risk for current shareholders.

  • SCHEDULE 13G/A6 August 20260000315066-26-002014opens on sec.gov in a new tab
  • SD30 June 20260000950142-26-001922opens on sec.gov in a new tab
  • SCHEDULE 13G22 June 20260001013594-26-000679opens on sec.gov in a new tab
Show the other 10 filings

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001104659-24-101548

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Finance Services (6199)
Registered inDelaware
Exchange · CIKNYSE · 0001823144

All filings on EDGARopens on sec.gov in a new tab

FormerlyCompoSecure, Inc.

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

25 filers with a stake on file (largest 20 shown) · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

38 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail4 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

DBDR — company record
UNIVERSE-IPO-INDEX2026-08-17

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 6199 (Finance Services). The screen found it by filing SHAPE instead — S-1 2020-10-05 → 8-A12B 2020-11-05 → 424B4 2020-11-09 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 6199 + self-described blank check in 424B4 0001104659-20-123065; 424B 0001104659-20-123065 priced 2020-11-09 under S-1 0001104659-20-112285 (file 333-249330, an offering for cash); common ticker DBDR off 10-Q 0001104659-21-139224 (2021-11-15); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-249330, which belongs to S-1 0001104659-20-112285 (2020-10-05) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-11-09). Ending PROVEN, not inferred: CLOSED per 8-K 0001104659-21-154308 (2021-12-29) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,2.03,3.02,5.01,5.02,5.06,9.01). EDGAR now files this CIK as "GPGI, Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "Roman DBDR Tech Sponsor, LLC" sourced from prospectus definition (10-K/A) acc 0001104659-21-071485.

Deal — GPGI, Inc.
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001823144 records "Roman DBDR Tech Acquisition Corp." ending 2021-12-23; the registrant continues as "GPGI, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-12-23. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists.

PROFILE-STUB2026-09-08

entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read

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