First Shares Prices for Secondary Offerings of Common Stock via Investing.com

ALPHARETTA, Ga.–(BUSINESS WIRE)–Priority Technology Holdings, Inc. (NASDAQ: PRTH) (The Company), a payments and banking solution that facilitates the collection, storage, lending and remittance of funds to unlock capital opportunities, today announced the pricing of a previously announced secondary offering which was underwritten 9,070,643 shares of its common stock will be sold by others. selling stock at $7.75 per share. Certain shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,360,596 shares of Priority common stock at the public offering price, less discounts and commissions. The sale of shares of common stock is expected to close on January 17, 2025, subject to customary closing conditions.

Holders of the outstanding stock will receive all of the 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, Stifel Company and TD Cowen are acting as joint bookrunners for the offering. B. Riley Securities is acting as lead book manager for the offering and AGP/Alliance Global Partners (NYSE: ) and Lake Street are acting as co-managers.

The offering is being made pursuant to an effective platform 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, which accompanies the prospectus and other documents filed by the Company with the SEC for information about the Company and this offering. You can access these documents for free by visiting EDGAR on the SEC’s 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 USCapitalMarkets@kbw.com; TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, by phone at (855) 495-9846 or by email at TD.ECM_Prospectus@tdsecurities.com; B. Riley Securities, Inc., 1300 17th Street North, Suite 1300, Arlington, VA 22209, by telephone at (703) 312-9580, or by email at Prospectuses@brileyfin.com; 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 prospectus@allianceg.com; or Lake Street Capital Markets, LLC, 920 Second Avenue South, Suite 700, Minneapolis, MN 55402, by phone at (612) 326-1305, or by email at prospectus@lakestreetcm.com.

This press release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of, or any solicitation of an offer to buy, the common stock of the Company in any country where such offer, solicitation or sale would be illegal prior to registration or certification under the securities laws of any such country.

About Importance

The core is payments and banking fintech that enables businesses to collect, store, lend and send money through a unified business engine. Priority’s platform integrates payments, merchant services, and banking and treasury solutions so leaders can streamline financial operations with efficiency ” and Priority’s new industry experts help businesses navigate and build momentum on the growth path. With the Priority Commerce Engine, leaders can accelerate cash flow, improve working capital, reduce unnecessary costs, and unlock new revenue opportunities.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Such statements include, but are not limited to, statements regarding the completion of the offering and statements others characterized by words such as may, should, expect, believe, expect, plans, future, aim, may, estimate, predict, plans, aims, potential or conditions, direction, expectation or words of the same meaning. Such forward-looking statements are based on the current beliefs and expectations of Priority’s management and are inherently subject to significant business, economic and competitive risks, trends and uncertainties that could cause actual results to differ. differ from those expected, expressed or implied by such. forward-looking statements.

All information stated here is only as of this 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. due to developments occurring after the date of this communication.

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20250115571776/en/

Investor Relations:
Chris Kettmann
chris.kettmann@dgagroup.com
(773) 497-7575

Media:
Alison Jones
alison.jones@prth.com

Source: Priority Technology Holdings, Inc.