Johnson Fistel Investigates Potential Board Fiduciary Duty Breaches in the Proposed Sale of Priority Technology Holdings, Inc.
SAN DIEGO, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Priority Technology Holdings, Inc. (NASDAQ: PRTH) breached their fiduciary duties in connection with the proposed sale of the Company to an investor group led by Priority’s Chairman and Chief Executive Officer, Thomas C. Priore.
If you own Priority shares and believe this proposed transaction undervalues your investment, please consider joining our investigation. To participate or learn more, you can click or copy and paste the following link:
https://www.johnsonfistel.com/investigations/priority-technology-holdings-inc/
Shareholders seeking more information may also contact lead analyst Jim Baker at jimb@johnsonfistel.com or 619-814-4471. If emailing, please include a phone number.
Background
On September 21, 2026, Priority announced that it had entered into a definitive merger agreement pursuant to which an investor group led by the Company’s Chairman and CEO, Thomas C. Priore, will acquire all outstanding shares of Priority common stock that the investor group does not already own for $8.05 per share in cash. The transaction is valued at approximately $1.6 billion.
The investor group and supporting stockholders collectively own approximately 61.4% of Priority’s outstanding shares and have agreed to support the transaction and roll their shares into the privately held company. The transaction is expected to close during the first half of 2027, subject to regulatory approvals, approval by holders of a majority of Priority shares not affiliated with the investor group, and other customary closing conditions.
Johnson Fistel’s investigation focuses on whether the Company’s board of directors conducted a fair process to maximize shareholder value, whether the potential conflicts associated with the CEO-led transaction were adequately addressed, and whether shareholders are receiving fair consideration for their shares.
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Contact
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations – or – Frank J. Johnson, Esq.
619-814-4471 | jimb@johnsonfistel.com | fjohnson@johnsonfistel.com