CEO Thomas Priore proposes take-private at $6.00-$6.15/sh; special committee formed.

Priority Technology Holdings, Inc.

Special committee of independent directors formed to evaluate CEO's preliminary non-binding take-private proposal.
Proposal by Chairman/CEO Thomas Priore to acquire all outstanding shares not already owned for $6.00-$6.15 per share cash.
No assurance that any definitive offer will be made or transaction will be consummated.
Committee also authorized to evaluate potential strategic alternatives to the proposal.

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