Priority Technology Holdings agrees to go-private deal at $8.05 per share

Priority Technology Holdings announced on September 21, 2026 that an investor group led by Chairman and CEO Thomas Priore will acquire remaining shares for $8.05 each in cash, an enterprise value of about $1.6 billion, through WD Capital Partners Parent Inc. A Special Committee of independent directors chaired by Michael Passilla unanimously recommended the deal after negotiations that raised the price more than 30% from the initial proposal, and the Board approved it. Passilla said the panel is delivering "compelling and certain value to Priority's unaffiliated stockholders" after "extensive negotiations with Tom and his affiliates." Priore said the agreement "delivers meaningful value to our stockholders and positions the Company to achieve our vision for Connected Commerce." The cash price is a 65% premium to the November 7, 2025 unaffected close and 38% to the September 18, 2026 close. Financing includes up to $160 million equity from funds advised by Searchlight Capital Partners, plus Truist facility borrowings and available cash. Support agreements cover about 61.4% of stock. Closing is expected in the first half of 2027, subject to unaffiliated stockholder and regulatory approvals, with Nasdaq delisting upon completion.