Priority Technology Holdings, Inc. announced on January 15, 2025, the pricing of an underwritten secondary offering of 9,070,643 shares of its common stock. The shares are being sold by certain selling stockholders at a price of $7.75 per share. The sale is expected to close on January 17, 2025, subject to customary closing conditions.
The selling stockholders will receive all of the net proceeds from this offering. Priority Technology Holdings will not sell any shares of its common stock in this offering and will not receive any proceeds from the sale. This offering is being made pursuant to an effective shelf registration statement on Form S-3.
Certain selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,360,596 shares. This secondary offering increases the public float of the company's common stock. It provides liquidity for the selling shareholders.
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