Priority Technology agrees to $1.6B take-private led by CEO Thomas Priore
Payments and banking software provider Priority Technology Holdings agreed to be taken private by an investor group led by chairman and CEO Thomas Priore at $8.05 per share in cash, an enterprise value of about $1.6B.
Payments and banking software provider Priority Technology Holdings agreed to be taken private by an investor group led by chairman and CEO Thomas Priore at $8.05 per share in cash, an enterprise value of about $1.6B. (SEC DEFA14A Exhibit 99.1 (Priority Technology); Business Wire release via Finviz)
Funds advised by Searchlight Capital Partners are supplying part of the equity financing, and the deal has no financing condition. The price is 38% above the September 18, 2026 close and 65% above the price before the group's first proposal was disclosed in November 2025. Closing is expected in the first half of 2027, after which the stock will leave Nasdaq. (SEC DEFA14A Exhibit 99.1 (Priority Technology); Business Wire release via Finviz)