Priority Technology Holdings, Inc. (NASDAQ: PRTH) entered into an agreement to acquire Substantially All Assets of Plastiq, Inc. for $27.5 million.

Priority Technology Holdings, Inc. (NASDAQ: PRTH) entered into an agreement to acquire Substantially All Assets of Plastiq, Inc. $27.5 million on May 23, 2023. The agreement is subject to Bankruptcy Court approval. As on August 1, 2023, the transaction is approved by United States Bankruptcy Court for the District of Delaware.

Craig Grear and Matthew Lunn of Young Conaway Stargatt & Taylor acted as legal advisor to Plastiq. James W. Stevens, Jeffery Banish, Matt Brooks, Gary Marsh and James Schutz of Troutman Pepper Hamilton Sanders LLP acted as legal advisor to Priority Technology Holdings, Inc. Joseph Berry, Peter Wirth, Ashwan Bimbhet and Rajib Hasan of Stifel-KBW served as financial advisors to Priority Technology Holdings, Inc.