{"schema_version":"secwatch.filing_event.v1","accession":"0001653558-23-000087","form_type":"8-K","ticker":"PRTH","cik":"0001653558","company_name":"Priority Technology Holdings, Inc.","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.727906+00:00","generated_at":"2026-06-12T18:27:03.208354+00:00","sec_items":["1.01","2.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Priority Technology completes acquisition of Plastiq assets for $27.5M cash plus earnout","bullets":["Closed acquisition of Plastiq Inc. assets after Bankruptcy Court approval on July 27, 2023.","Cash consideration of $27.5M at closing, plus earnout to Blue Torch and consideration to Colonnade via Side Letter.","Additional $25M revolving credit commitment (Third Amendment) funded the cash portion; $15M available June 30, $10M at closing.","Plastiq's bill pay and working capital platform combined with Priority's payments and banking solutions for unified B2B offering.","Keefe, Bruyette & Woods served as financial advisor; Troutman Pepper as legal advisor to Priority."],"urls":{"canonical":"https://secwatch.observer/filing/0001653558-23-000087","json":"https://secwatch.observer/filing/0001653558-23-000087.json","markdown":"https://secwatch.observer/filing/0001653558-23-000087.md","text":"https://secwatch.observer/filing/0001653558-23-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653558/000165355823000087/0001653558-23-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653558/000165355823000087/prth-20230728.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T18:27:03.208354+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"515c8b8f18a81c9cd9e110f0fbfd6ed1e8fcf8b4","claim":"Priority Technology Holdings, Inc. amended revolving credit of Additional Revolving Commitment in an aggregate principal amount of $25,000,000, $15,000,000 of which was available imme with Truist Bank at Not specified maturing Not specified.","evidence_excerpt":"Third Amendment amended the Credit Agreement to, among other things, provide for additional revolving commitments under the Credit Agreement in an aggregate principal amount of $25,000,000 (the “ Additional Revolving Commitment ”), $15,000,000 of which was available immediately upon effectiveness of the Third Amendment. In connection with the consummation of the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653558/000165355823000087/0001653558-23-000087-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"Additional Revolving Commitment in an aggregate principal amount of $25,000,000, $15,000,000 of which was available imme"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Rate","value":"Not specified"},{"label":"Maturity","value":"Not specified"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"a22ed8f236f53535d10d826eaa737a12aae918e1","claim":"Priority Technology Holdings, Inc. completed an acquisition involving Plastiq Inc., PLV Inc., and Nearside Business Corp. for $27,500,000 in cash at the consummation of the Sale (closed 2023-07-31).","evidence_excerpt":"Purchase Agreement, in addition to the assumption of Liabilities (as defined in the Purchase Agreement), the Purchase Agreement provided for consideration that consisted of: (i) $27,500,000 in cash at the consummation of the Sale (the “ Closing ”); (ii) payment of the consideration to Blue Torch as described in the Earnout Agreement; and (iii) payment of the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653558/000165355823000087/0001653558-23-000087-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Plastiq Inc., PLV Inc., and Nearside Business Corp."},{"label":"Consideration","value":"$27,500,000 in cash at the consummation of the Sale"},{"label":"Closing","value":"2023-07-31"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}