other material
confidence high
sentiment neutral
materiality 0.65
Priority Technology secondary offering of 9.07M shares closes at $7.75; proceeds to selling stockholders ~$67.5M
Priority Technology Holdings, Inc.
- Secondary offering of 9,070,643 shares of common stock priced at $7.75 per share; underwriters have 30-day option for up to 1,360,596 additional shares.
- Selling stockholders received net proceeds of approximately $67.49 million; the Company did not receive any proceeds.
- Closing occurred on January 17, 2025; lock-up agreements prohibit sale or transfer of shares by insiders for 90 days.
- Underwriters include Keefe, Bruyette & Woods, TD Cowen, B. Riley Securities, A.G.P., and Lake Street Capital Markets.