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Priority Technology Forms Special Committee To Review CEO Thomas Priore's $6-$6.15 Per Share Buyout Proposal

Benzinga·11/12/2025 15:20:39
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The Board of Directors of Priority Technology Holdings, Inc. (NASDAQ:PRTH) announced that it has formed a special committee of independent and disinterested directors that is authorized, among other things, to evaluate the preliminary, non-binding proposal, dated November 9, 2025, by Thomas Priore, the Company's Chairman and Chief Executive Officer to acquire all of the outstanding shares of Priority's common stock that it does not already own for cash consideration in a range of $6.00 to $6.15 per share, as well as any potential strategic alternatives to the proposal.

A copy of the proposal letter from Mr. Priore is available as an exhibit to the Company's Current Report on Form 8-K publicly filed today with the Securities and Exchange Commission.

There can be no assurance that any definitive offer will be made or accepted, that any agreement will be executed or that any transaction will be consummated.