Business Wire·Dec 5, 2025, 9:07 AM ET

CPI Card Group Inc. Announces Investments by its Chairman and Tricor Pacific Capital

Tricor Pacific Capital purchased 1.9 million shares of CPI Card Group common stock & H. Sanford Riley purchased 0.2 million shares via privately negotiated transactions with Parallel49 Equity.
Parallel49's ownership in CPI decreased from approximately 42% (4.8 million shares) to 24% (2.7 million shares) following the sale.
Tricor Pacific Capital increased its direct ownership stake to 2.2 million shares, representing nearly 20% of shares outstanding, building on a previous 0.25 million share purchase in October 2024.
The CPI Board of Directors approved share registration & director nomination rights for the Tricor Family Office.
Both Tricor Pacific Capital & H. Sanford Riley entered into one-year lock-up agreements restricting the sale or disposal of shares acquired in this transaction.
Executives cited the transactions as evidence of confidence in CPI's strategy, growth trajectory, & digital solutions expansion.
CPI Card Group Inc. operates as a payments technology company providing payment cards & digital solutions with facilities located in the United States.