PRTH Overview

Opposition to Acquisition Proposal: Buckley Capital Advisors opposes the non-binding proposal from Priority Technology's CEO, Thomas Priore, to acquire remaining shares at a price significantly undervaluing the company, urging the Board to reject it.

Call for Independent Review: The advisory firm calls for the Special Committee of the Board to commit to a transparent review of all strategic alternatives, emphasizing the need to maximize shareholder value beyond the interests of the controlling Investor Group.

Valuation Concerns: The proposed acquisition price of $6.00 to $6.15 per share is criticized as inadequate, with analyses suggesting the intrinsic value of PRTH shares is between $15 to $20, based on the company's strong business model and growth prospects.

Market Sentiment and Future Outlook: Buckley Capital Advisors believes the current decline in PRTH's share price is temporary and does not reflect the company's true value, projecting a recovery and higher valuation in the near future.

Special Committee Formation: Priority Technology Holdings, Inc. has established a special committee of independent directors to evaluate a non-binding acquisition proposal from CEO Thomas Priore, which offers $6.00 to $6.15 per share for outstanding shares not already owned by him.

Proposal Details: The proposal letter from Mr. Priore is publicly available in the Company's Current Report on Form 8-K filed with the SEC, but there is no guarantee that a definitive offer will be made or accepted.

Company Overview: Priority Technology Holdings provides a unified commerce engine for businesses to manage payments and banking solutions, aiming to streamline financial operations and enhance growth opportunities.

Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, cautioning readers against placing undue reliance on these statements as actual results may differ significantly.