Priority Technology Holdings agreed to be taken private in an all-cash deal that values the company at about $1.6 billion and pays unaffiliated stockholders $8.05 per share.
That price is up 65% from Priority’s closing share price on Nov. 7, 2025, the last trading day before the investor group’s initial proposal became public, and 38% above the Sept. 18, 2026 closing price, the last trading day before the definitive agreement was announced.
The buyer is an investor group led by Chairman and CEO Thomas Priore, who already owns part of the company and will acquire the rest of the outstanding shares not already held by the group. The company said the terms were improved after negotiations, with the final offer more than 30% higher than the initial proposal.
Priority said the deal was unanimously recommended by a special committee of independent and disinterested directors and approved by the full board. The company expects the transaction to close in the first half of 2027, after which Priority will become privately held and its shares will be delisted from Nasdaq.
The transaction is being partly financed by equity commitments from funds advised by Searchlight Capital Partners. The company said the deal is not subject to financing conditions.
Under the agreement, holders of Priority common stock other than the investor group will receive cash at closing. The transaction still needs regulatory approvals and approval from a majority of the unaffiliated stockholders. The market has reacted to these announcements by moving the company's shares 33.28% to a price of $7.77. Check out the company's full 8-K submission here.
