-+ 0.00%
-+ 0.00%
-+ 0.00%

Priority Technology Retains Advisors To Evaluate Chairman Thomas Priore's Non-Binding Take-Private Proposal

Benzinga·12/08/2025 13:55:02
Listen to the news

Priority Technology Holdings, Inc. (the "Company" or "Priority") (NASDAQ:PRTH) announced that a committee of independent and disinterested directors of the Company's Board of Directors (the "Special Committee") has retained Barclays to act as its financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP to act as its independent legal counsel in connection with the Special Committee's evaluation of the preliminary, non-binding proposal, dated November 9, 2025, by Thomas Priore, the Company's Chairman and Executive Officer.

As previously announced, following receipt of the preliminary, non-binding take-private proposal made by an investor group led by Thomas Priore, Priority formed the Special Committee to consider the offer and other strategic alternatives. The Special Committee has not set a definitive timetable for completion of its evaluation of the offer or any other alternative.

There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. Priority does not intend to comment on or disclose further developments with respect to this matter unless and until further disclosure is appropriate or required.