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Tue. 21 Sep 2021, 1:20pm ETBenzinga
In: M&A, News, Small Cap, Tech
  • Priority Technology Holdings Inc (NASDAQ: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.