ALPHARETTA, Ga.–(BUSINESS WIRE)–Priority Technology Holdings, Inc. (NASDAQ: PRTH) (Priority or the Company), the payment and banking solution that streamlines the collection, storage, lending and sending of money to unlock revenue opportunities, announced today the pricing of its previously announced underwritten secondary offer of 9,070,643 shares of its common stock to be sold to certain selling stockholders at $7.75 per share. Certain selling stockholders have granted the underwriters a 30-day option to purchase up to 1,360,596 additional shares of Priority common stock at the public offering price, less underwriting discounts and commissions. The sale of shares of common stock is expected to close on January 17, 2025, subject to customary closing conditions.

The selling stockholders will receive all of the net proceeds from the proposed offering. The Company will not sell any shares of its common stock in the proposed offering and will not receive any proceeds from the sale of shares of the Company’s common stock in the offering.

Keefe, Bruyette and Woods, A Stifel Company and TD Cowen are acting as joint lead book-running managers for the offering. B. Riley Securities is acting as book-running manager for the offering and AGP/Alliance Global Partners (NYSE: ) and Lake Street are acting as co-managers.

The offering is made pursuant to an effective shelf registration statement (including a prospectus) on Form S-3 (File No. 333-283519) previously filed with the Securities and Exchange Commission (SEC). Before investing, interested parties should read the prospectus supplement, accompanying prospectus and other documents filed by the Company with the SEC for information about the Company and this offering. You can obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a copy of the prospectus supplement and accompanying prospectus may be obtained from any of the following underwriters at: Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019 , Attention: Equity Capital Markets, by phone at (800) 966-1559, or by email at [email protected]; TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, by telephone at (855) 495-9846 or by email at [email protected]; B. Riley Securities, Inc., 1300 17th Street North, Suite 1300, Arlington, VA 22209, by telephone at (703) 312-9580, or by email at [email protected]; AGP/Alliance Global Partners, LLC, 590 Madison Avenue, 28th Floor New York, NY 10022, Attention: Investment Banking, by phone at (212) 624-2060, or by email at [email protected]; or Lake Street Capital Markets, LLC, 920 Second Avenue South, Suite 700, Minneapolis, MN 55402, by telephone at (612) 326-1305, or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor does it contain any sale of, or any solicitation of an offer to buy, the common stock of Priority in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.

About Priority

The priority is payment and banking fintech that enables businesses to collect, store, lend, and send funds through a unified commerce engine. Priority’s platform integrates payments, merchant services, and banking and treasury solutions so that leaders can streamline financial operations effectively “and Priority’s innovative industry experts help those business to navigate and build momentum on the growth path. With the Priority Commerce Engine, leaders can accelerate cash flow, optimize working capital, reduce unnecessary costs, and unlock new income opportunities.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the completion of the offering and other statements identified in words such as may, will, should, expect, believe, expect, plan, future, plans, can, estimate, predict, projects, target, potential or contingent, guide, vision or words that same meaning. Such forward-looking statements are based on the current beliefs and expectations of Priority management and are inherently subject to significant business, economic and competitive risks, trends and uncertainties that may cause actual results to materially differ from those intended, expressed, or implied. forward-looking statements.

All information set forth herein speaks only as of its date in the case of information about Priority or the date of such information in the case of information from persons other than Priority, and Priority disclaims any intention or obligation to update any forward-looking statements. as a result of developments occurring after the date of this communication.

See the original version on businesswire.com: https://www.businesswire.com/news/home/20250115571776/en/

Investor Relations Contact:
Chris Kettmann
[email protected]
(773) 497-7575

Media Contact:
Alison Jones
[email protected]

Source: Priority Technology Holdings, Inc.