Priority Technology Holdings will go private in a deal valuing the company at about $1.6 billion, with stockholders set to receive $8.05 a share in cash.
The offer price marks a 65% premium to Priority’s closing share price on Nov. 7, 2025, the last trading day before the investor group’s initial proposal became public. It is also 38% above the stock’s closing price on Sept. 18, 2026, the last trading day before the definitive agreement was announced.
The buyer group is led by Chairman and CEO Thomas Priore, who already owns a stake in the company. The agreement covers all outstanding shares not already held by the investor group.
Priority said the terms were improved during negotiations with the special committee of independent and disinterested directors, which said the final deal reflected a more than 30% increase from the initial proposal. The committee unanimously recommended the transaction, and the board approved it.
The deal is being financed in part by equity commitments from funds advised by Searchlight Capital Partners. Priority said the transaction is not subject to financing conditions.
The company expects the transaction to close in the first half of 2027. Once completed, Priority’s shares will be delisted from Nasdaq and the company will become privately held. The market has reacted to these announcements by moving the company's shares 33.28% to a price of $7.77. If you want to know more, read the company's complete 8-K report here.
