Tricor Pacific Capital Inc. Announces Increased Direct Investment in CPI Card Group Inc.

VANCOUVER, BRITISH COLUMBIA, December 5, 2025 – Tricor Pacific Capital Inc. (“Tricor”) today announced its purchase of 1.9 million shares of common stock of CPI Card Group Inc. (Nasdaq: PMTS) (“CPI”) from funds managed by Parallel49 Equity, ULC (“Parallel49”) in a privately negotiated transaction on December 4, 2025.

Tricor has been an indirect investor in CPI for nearly two decades through its investment in the Parallel49 funds. In October 2024, Tricor initiated a direct position in CPI common stock through the purchase of 0.25 million shares in a secondary offering by Parallel49. With the transaction announced today, Tricor has increased its direct ownership to approximately 2.2 million shares, representing nearly 20% of shares outstanding.

“We are pleased to meaningfully expand our direct investment in CPI,” said Rod Senft, Chairman of Tricor Pacific Capital Inc. “CPI is a longstanding portfolio company of ours.  We believe the business is well positioned with attractive opportunities ahead. This investment underscores our continued support of CPI’s leadership team, strategy, and long-term direction.”

Tricor acknowledged that CPI’s Chairman made a meaningful personal investment in CPI in a separate transaction.

“We welcome the continued commitment of Tricor Pacific Capital Inc. and our Chair as we advance our strategic priorities, including expanding our digital solutions,” said John Lowe, President and CEO of CPI. “Our team remains focused on executing against our strategy and delivering on our priorities.”

Tricor Pacific Capital is a Vancouver-based, family-owned investment firm that partners for the long term with well-managed, enduring businesses. With over 30 years of experience and more than 100 private company investments, Tricor provides its own capital and operating expertise to help companies grow while preserving their legacy and values.

CPI Card Group is a payments technology company providing a comprehensive range of payment cards and related digital solutions. With a focus on building personal relationships and earning trust, we help our customers navigate the constantly evolving world of payments, while delivering innovative solutions that spark connections and support their brands. We serve clients across industry, size, and scale through our team of experienced, dedicated employees, our network of technology and card service providers, and our high-security production facilities, all located in the United States. CPI is committed to exceeding our customers’ expectations, transforming our industry, and enhancing the way people pay every day.

For information on the transaction, please contact:

Tricor Pacific Capital
Email: opportunities@tricorpacific.com
Website: www.tricorpacific.com

CPI Card Group Inc. Investor Relations
Email: InvestorRelations@cpicardgroup.com
Phone: (877) 369-9016