other material
confidence high
sentiment neutral
materiality 0.65
Priority Technology launches secondary offering of 9.16M shares; prelim Q4 rev $225-227M
Priority Technology Holdings, Inc.
- Secondary offering of 9,157,600 shares by selling stockholders; 30-day option for 1,373,639 more.
- Company receives no proceeds; selling stockholders get all net proceeds.
- Preliminary Q4 2024 revenue $225.2M-$227.2M; adjusted EBITDA $49.7M-$54.1M.
- Estimated net income $6.6M-$9.9M for Q4 2024.
- Keefe, Bruyette & Woods, TD Cowen, B. Riley Securities among underwriters.