Priority Technology Holdings, Inc., Files Shelf Registration Statement
If and when declared effective by the SEC, the shelf registration statement will allow the Company the flexibility from time to time to offer and sell common stock on a registered basis in the
“In line with the retirement of our preferred shares, opening a shelf registration will provide us with enhanced financial flexibility to meet our long-term strategic goals,” said Tom Priore, Chairman and CEO of Priority. “This registration will allow for future offerings to improve our capital markets liquidity so that we are positioned to prudently capitalize on opportunities that emerge for Priority to create value for our shareholders."
The registration statement on Form S-3 filed by the Company with the SEC has not yet become effective. Securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About Priority
Priority is the payments and banking solution that enables businesses to collect, store, lend and send funds through a unified commerce engine. Our platform combines payables, merchant services, and banking and treasury solutions so leaders can streamline financial operations efficiently — and our innovative industry experts help businesses navigate and build momentum on the path to growth. With the Priority Commerce Engine, leaders can accelerate cash flow, optimize working capital, reduce unnecessary costs, and unlock new revenue opportunities. For more information, visit prioritycommerce.com.
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Dave Faupel, dave.faupel@prth.com
Source: Priority Technology Holdings, Inc.