Press release
Priority Technology Holdings, Inc. Announces New $40 Million Share Repurchase Authorization
ALPHARETTA, Ga.--(BUSINESS WIRE)-- Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), the payments and banking fintech that
About this update from Priority Technology Holdings, Inc.
[{"type":"text","content":" ALPHARETTA, Ga.--(BUSINESS WIRE)--\nPriority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), the payments and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced that its Board of Directors has approved a new $40 million share repurchase program of the Company’s outstanding stock.\n\n\n\"Our new share repurchase program reflects our confidence in Priority's robust business fundamentals and long-term growth potential,” said Tom Priore, Priority's Chairman and Chief Executive Officer. “As we continue to execute on our unified commerce strategy and drive growth across our SMB, B2B, and Enterprise segments, we believe share repurchases represent an effective capital allocation tool that provides a compelling opportunity to enhance shareholder value while maintaining the financial flexibility to invest in strategic growth initiatives.\"\n\n\nUnder the authorization, the Company may repurchase shares through a variety of methods, including open market transactions and privately negotiated transactions, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934 and other applicable laws and regulations. The timing, manner, and total amount of repurchases will be determined by management based on market conditions, stock price, business performance, and alternative investment opportunities.\n\n\nAbout Priority\n\n\nPriority 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. To learn more about Priority and its publicly traded parent, Priority Technology Holdings, Inc. (NASDAQ: PRTH), visit prioritycommerce.com.\n\n\nForward-Looking Statements\n\n\nThis press release contains \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements ab...