Priority Technology Holdings, Inc. Board Confirms Receipt of Preliminary, Non-Binding Take Private Proposal
ALPHARETTA, Ga., November 10, 2025 -Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company") announced today that it has received a preliminary, non-binding proposal (the "Proposal") from an investor group led by Thomas Priore, the Company's Chairman and Chief Executive Officer (the "Investor Group"), to acquire the remaining shares of the Company's common stock that the Investor Group does not currently hold, for cash consideration in a range of $6.00 to $6.15 per share. Mr. Priore currently holds approximately 58 % of the outstanding shares of the Company's common stock, as disclosed in the Company's Definitive Proxy Statement filed on April 30, 2025.
A copy of the proposal letter from Mr. Priore is available as an exhibit to the Company's Current Report on Form 8-K as publicly filed today with the Securities and Exchange Commission.
There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached. The Company does not intend to comment further or disclose any developments regarding the Proposal unless and until it deems further disclosure is appropriate or required. The Company's shareholders do not need to take any action at this time.
About Priority
Priority is the payments and banking solution that enables businesses to collect, store, lend and send funds through a unified commerce engine. Our platform combines payables, merchant solutions, and treasury solutions so leaders can streamline financial operations efficiently - and our innovative industry experts help businesses navigate and build momentum on the path to growth. With the Priority Commerce Engine, leaders can accelerate cash flow, optimize working capital, reduce unnecessary costs, and unlock new revenue opportunities. To learn more about Priority (NASDAQ: PRTH), visit prioritycommerce.com.