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Priority Technology Holdings, Inc. Completes Acquisition Of Plastiq, Inc.

PUBLIC · PRTHAug 01, 2023

Acquiring Company

Priority Technology Holdings

Acquired Company

Plastiq

AlpharettaSan FranciscoCommerce and ShoppingFinancial ServicesCommerce And ShoppingPaymentsFintechInformation TechnologyFinancial ServicesPaymentsFinanceFintechLending

Description

Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading platform for unified commerce that delivers integrated payments and banking at scale, announced today that it has completed the acquisition of substantially all of the assets of Nearside Business Corp. and PLV Inc., as well as all of the equity of Plastiq Canada Inc. and Plastiq Inc. (collectively, “Plastiq”), with the approval of the United States Bankruptcy Court for the District of Delaware.

Quick answer

Priority Technology Holdings is acquiring Plastiq, announced August 1, 2023. Priority Technology Holdings is based in Alpharetta, Georgia, United States.

How much did Priority Technology Holdings pay for Plastiq?
The deal value was not disclosed.
What does Priority Technology Holdings do?
Priority is for leaders who want to challenge tradition and drive impact, no matter their title or industry.
Where are Priority Technology Holdings and Plastiq based?
Priority Technology Holdings is based in Alpharetta, Georgia, United States. Plastiq is based in San Francisco, California, United States.
Who are the decision-makers at Priority Technology Holdings?
Fundz holds 2 contacts at Priority Technology Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Commerce and Shopping and Financial Services

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Company Information

Company

Priority Technology Holdings

Location

2001 Westside Parkway

Alpharetta, Georgia, United States

About

Priority is for leaders who want to challenge tradition and drive impact, no matter their title or industry. We combine payables, merchant services, and banking and treasury solutions into one unified commerce engine — so leaders are primed to accelerate cash flow and optimize working capital.

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Frequently asked

Who acquired Plastiq?

Plastiq was acquired by Priority Technology Holdings, based in Alpharetta. The deal was reported on August 1, 2023. Priority is for leaders who want to challenge tradition and drive impact, no matter their title or industry. Priority Technology Holdings is publicly traded (PRTH) and operates in Commerce and Shopping.

When did Priority Technology Holdings acquire Plastiq?

Priority Technology Holdings's acquisition of Plastiq was reported on August 1, 2023. Priority Technology Holdings, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Plastiq do?

Founded in 2012, Plastiq is a leading B2B payments company. Plastiq has helped tens of thousands of businesses improve cash flow with instant access to working capital, while automating and enabling control over all aspects of accounts payable and receivable. It is privately held, operating in Information Technology, and is based in San Francisco.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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