The aim of the paper is introduced the composition of the two infinite matrices $\Lambda=(\lambda_{nk})$ and $\widehat{F}=\left( f_{nk} \right).$ Further, we determine the $\alpha$-, $\beta$-, $\gamma$-duals of new spaces and also construct the basis for the space $\ell_{p}^{\lambda}(\widehat{F}).$ Additionally, we characterize some matrix classes on the spaces $\ell_{\infty}^{\lambda}(\widehat{F})$ and $\ell_{p}^{\lambda}(\widehat{F}).$ We also investigate some geometric properties concerning Banach-Saks type $p.$Finally we characterize the subclasses $\mathcal{K}(X:Y)$ of compact operators by applying the Hausdorff measure of noncompactness, where $X\in\{\ell_{\infty}^{\lambda}(\widehat{F}),\ell_{p}^{\lambda}(\widehat{F})\}$ and $Y\in\{c_{0},c, \ell_{\infty}, \ell_{1}, bv\},$ and $1\leq p<\infty.$