Priority Technology Holdings, Inc. (PRTH) Form 8-K — Aug 26, 2026
Priority Technology Holdings disclosed that its indirect wholly-owned subsidiary Priority Payment Systems, LLC signed and simultaneously closed the acquisition of 100% of the membership interests of Convenient Payments, LLC on August 25, 2026, under a Membership Interest Purchase Agreement. The purchase price is $11,500,000 subject to customary adjustments, plus up to $3,500,000 in aggregate earnout payments over up to eight full fiscal quarters after closing, paid at 39% of the target's gross profit for the first six measurement quarters and 20% for the seventh and eighth quarters.
Key figures
- Deal Value Usd
- $11,500,000 upfront (plus up to $3,500,000 in earnout payments)
- Earnout Cap
- $3,500,000
- Closing Date
- 2026-08-25
- Sign And Close
- Yes
- Earnout Period
- up to eight full fiscal quarters following closing
- Parent Guaranty
- Priority Technology Holdings, Inc. unconditionally guarantees PPS closing and earnout payment obligations
- Earnout Rate Quarters1to6
- 39% of Gross Profit per quarter
- Earnout Rate Quarters7to8
- 20% of Gross Profit per quarter
Price after filing
Close on the filing date to close N calendar days later (from $5.61). Historical, not a forecast.
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.