Resolute Holdings appoints Hewett, Mahoney as independent directors
New Board Appointments: Resolute Holdings has appointed Wayne Hewett and Timothy Mahoney as independent directors to its Board of Directors.
Company Background: Resolute Holdings provides management services to CompoSecure Holdings, a subsidiary of CompoSecure.
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- Rebranding: CompoSecure has officially rebranded to GPGI, reflecting the company's strategic positioning as a diversified multi-industry compounder focused on acquiring and operating high-quality businesses for long-term growth.
- Exchange Listing: The new name and ticker symbol “GPGI” will commence trading on the New York Stock Exchange at market open on January 23, 2026, marking a significant step in the company's transformation into a permanent capital platform.
- Independent Operations: Both CompoSecure and Husky will operate as distinct reporting segments under GPGI, retaining their existing brand names to ensure management independence and enhance market competitiveness.
- Management Structure: GPGI is managed by Resolute Holdings Management, Inc., aiming to optimize business operations and improve overall financial performance and market opportunities through the systematic deployment of the Resolute Operating System.
U.S. Stock Market Performance: The Dow Jones fell by 0.41%, while the NASDAQ and S&P 500 saw gains of 0.54% and 0.22%, respectively, with consumer discretionary shares rising by 1.8%.
Key Economic Indicator: The ISM manufacturing PMI decreased to 48.7 in October, below market expectations, indicating a contraction in manufacturing activity.
Notable Stock Movements: Cipher Mining's shares surged 22% after a major lease agreement with Amazon, while uniQure's shares plummeted 50% following negative FDA feedback on its gene therapy.
Global Market Trends: European shares were mixed, with slight gains in the eurozone, while Asian markets closed higher, led by Hong Kong's Hang Seng index.
U.S. Stock Market Performance: U.S. stocks opened higher, with the Nasdaq Composite gaining 1%, while the Dow and S&P 500 also saw modest increases. Consumer discretionary shares rose by 1.8%, but utilities stocks fell by 0.8%.
ON Semiconductor Earnings Report: ON Semiconductor Corporation reported better-than-expected Q3 earnings of 63 cents per share, surpassing the analyst estimate of 59 cents, along with sales of $1.551 billion.
Significant Stock Movements: MSP Recovery, Inc. shares surged 255%, while Resolute Holdings Management, Inc. and Tharimmune, Inc. also saw significant gains. Conversely, uniQure N.V. shares dropped 59% following FDA feedback on its investigational gene therapy.
Global Market Trends: European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.2%, while Asian markets also closed higher, led by Hong Kong's Hang Seng and China's Shanghai Composite.
Market Update: The S&P 500 has reached its 28th record of the year, with stocks showing little change as Wall Street anticipates the upcoming PCE reading for economic insights.
Company Highlights: Oracle's shares surged over 6% following the announcement of new co-CEOs and positive cloud infrastructure guidance, while CompoSecure and Resolute Holdings celebrated their transfers to the NYSE.

New Board Appointments: Resolute Holdings Management, Inc. has appointed Wayne M. Hewett and Timothy O. Mahoney as independent directors to its Board of Directors, enhancing the board's expertise in financial and operational leadership.
Company Overview: Resolute Holdings is an alternative asset management platform focused on providing management services and creating long-term value through its unique operating system, while also navigating potential risks associated with future growth and market conditions.

U.S. Stock Market Trends: U.S. stock futures are down, with the Dow futures dropping approximately 300 points; several companies, including Frequency Electronics and Capricor Therapeutics, have seen significant declines in their stock prices during pre-market trading.
Company Performance Highlights: Frequency Electronics reported a rise in earnings and sales for Q4 but saw a 5.4% drop in share price; other notable declines include Capricor Therapeutics down 44% and Civista Bancshares down 12.5%.








