Priority Technology Completes Finxera Acquisition For $375M Cash, $54.3M In Stock

by Anusuya Lahiri, Benzinga Editor

September 21, 2021 1:20 PM | 1 min read |

Priority Technology Holdings Inc PRTH completed the acquisition of Finxera Holdings Inc on September 17, via its subsidiary Prime Warrior Acquisition Corp, for $375 million in cash and 7.6 million shares.
The 7.6 million shares were worth $54.3 million as per Priority's September 20 closing price of $7.15.
Priority also increased the amount of the delayed draw term loan facility under the Credit Agreement by $30 million.
Priority held $29.3 million in cash and equivalents as of June 30.
Price Action: PRTH shares traded lower by 0.69% at $7.10 in the market session on the last check Tuesday.

Posted In:

M&A News Small Cap Tech Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.