Stockholders affiliated with Parallel49 Equity have started an underwritten secondary public offering of 2,337,323 shares of CPI Card Group Inc. (NASDAQ: PMTS). This divestment by the private equity firm includes a 30-day option for underwriters to purchase an additional 350,598 shares of common sto

CPI Card Group (Nasdaq: PMTS) announced that Tricor Pacific Capital purchased 1.9 million shares and Chairman H. Sanford Riley purchased 0.2 million shares from significant stockholder Parallel49 on Dec 5, 2025.Following the transactions, Parallel49's stake fell from 4.8 million (≈42%) to 2.7 million (≈24%), and the Tricor Family Office's direct ownership rose to 2.2 million (nearly 20%). The Tricor Family Office had begun a direct position in Oct 2024 with a 0.25 million share purchase.The Board approved share registration and director nomination rights for the Tricor Family Office, and Tricor and Riley agreed to a one-year lock-up restricting sale of the acquired shares.