Priority Technology Holdings, Inc. Has Entered Into Stalking Horse Agreement With Plastiq, Inc.; Purchase Agreement Is Subject To Bankruptcy Court Approval
Portfolio Pulse from Happy Mohamed
Priority Technology Holdings (NASDAQ: PRTH) has entered into a stalking horse agreement to acquire substantially all assets of Plastiq, Inc. and certain affiliates in its Chapter 11 Restructuring. The acquisition is subject to Bankruptcy Court approval and aims to enhance Priority's B2B embedded finance solutions.
May 24, 2023 | 3:32 pm
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Priority Technology Holdings (PRTH) plans to acquire Plastiq's assets, which could enhance its B2B embedded finance solutions and potentially increase distribution channels.
The acquisition of Plastiq's assets will enhance Priority's B2B embedded finance solutions, which could lead to increased distribution channels and improved cash flow strategies for business owners. This strategic move is expected to create exceptional value for Priority's investors and drive long-term enterprise value.
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