Priority Technology Holdings, Inc. announced on November 29, 2024, that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). This filing is for the registration of shares of the company’s common stock. The registration statement has not yet become effective.
If declared effective by the SEC, the shelf registration statement will provide Priority with the flexibility to offer and sell common stock on a registered basis in the U.S. for three years. This allows the company to access capital markets opportunistically. CEO Tom Priore stated this provides enhanced financial flexibility to meet long-term strategic goals.
The registration aims to improve capital markets liquidity, positioning Priority to capitalize on emerging opportunities. The specific terms of any future offering, including the use of proceeds, would be detailed in a separate prospectus supplement. This proactive step supports the company's growth initiatives and shareholder value creation.
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