CPI Card holders register resale of 2.3M shares
CPI Card Group Inc. (PMTS) is registering a resale of 2,337,323 shares of common stock being sold by existing stockholders, primarily Tricor Pacific Capital Partners (Fund IV) entities.
Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
424B7
Rhea-AI Filing Summary
CPI Card Group Inc. (PMTS) is registering a resale of 2,337,323 shares of common stock being sold by existing stockholders, primarily Tricor Pacific Capital Partners (Fund IV) entities. CPI will not receive any proceeds from this offering; all proceeds go to the selling stockholders.
The selling stockholders have granted underwriters a 30-day option to purchase up to 350,598 additional shares. As of August 31, 2026, CPI had 11,591,982 shares outstanding. Parallel49-managed Tricor funds currently hold about 23% of the stock and intend to sell all their shares, while the Tricor Family Office may increase its stake, potentially to about 24%, depending on allocations.
CPI describes its position as a U.S. payments technology provider with card production, personalization, instant issuance and digital solutions, serving thousands of customers, including about 2,500 financial institutions with more than 14,000 Card@Once installations. The document also details ownership concentration risks and U.S. tax considerations for non-U.S. holders.
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