Financial technology company CompoSecure (CMPO.US) rose in pre-market trading with reports of a potential $5 billion acquisition of injection molding equipment supplier Husky Technologies.

According to the financial news app Wise Finance, it is reported that CompoSecure, a financial technology company supported by former Honeywell CEO David Cote, plans to acquire injection equipment supplier Husky Technologies from Platinum Equity for approximately $5 billion (including debt). As of the time of writing, CompoSecure's stock in pre-market trading on Monday rose by over 3%.