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An update from Priority Technology Holdings ( (PRTH) ) is now available.
On January 15, 2025, Priority Technology Holdings entered into an underwriting agreement for a public offering of 9,070,643 shares of its common stock, priced at $7.75 per share, with a 30-day option for underwriters to purchase an additional 1,360,596 shares. The offering, closed on January 17, 2025, resulted in net proceeds of approximately $67.49 million for the Selling Stockholders, though the company itself did not receive any proceeds. The agreement included a 90-day lock-up period for the company’s directors, executive officers, and selling stockholders, aligning with typical obligations under the Securities Act.
More about Priority Technology Holdings
Priority Technology Holdings, Inc. is a fintech company providing payments and banking solutions that streamline financial operations. Their platform integrates payables, merchant services, banking, and treasury solutions to help businesses accelerate cash flow, optimize working capital, and unlock new revenue opportunities.
YTD Price Performance: -24.63%
Average Trading Volume: 372,457
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $668.5M
For detailed information about PRTH stock, go to TipRanks’ Stock Analysis page.
