Priore Updates Priority Technology Holdings Stake
Ticker: PRTHU · Form: SC 13D/A · Filed: Jun 21, 2024 · CIK: 1653558
| Field | Detail |
|---|---|
| Company | Priority Technology Holdings, Inc. (PRTHU) |
| Form Type | SC 13D/A |
| Filed Date | Jun 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $3.56 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, beneficial-ownership
Related Tickers: PRTH
TL;DR
Priore filed an update on his Priority Tech stake. Watch for more details.
AI Summary
Thomas C. Priore filed an amendment (No. 4) to Schedule 13D on June 21, 2024, regarding his holdings in Priority Technology Holdings, Inc. The filing indicates a change in the beneficial ownership of the company's common stock. The specific details of the change in ownership percentage or number of shares are not explicitly stated in this excerpt, but the filing is an update to a previous Schedule 13D.
Why It Matters
This filing signals a potential shift in control or influence for Priority Technology Holdings, Inc., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility and uncertainty for the company's stock.
Key Players & Entities
- Thomas C. Priore (person) — Filing person and beneficial owner
- Priority Technology Holdings, Inc. (company) — Subject company
- M I Acquisitions, Inc. (company) — Former company name
FAQ
What specific event triggered this Amendment No. 4 to the Schedule 13D filing?
The filing states 'June 14, 2024 (Date of Event which Requires Filing of this Statement)' as the trigger for this amendment.
Who is the filing person for this Schedule 13D/A?
The filing person is Thomas C. Priore.
What is the CUSIP number for Priority Technology Holdings, Inc. common stock?
The CUSIP number is 74275G 107.
What was the former name of Priority Technology Holdings, Inc.?
The former name was M I Acquisitions, Inc., with a date of name change on September 18, 2015.
Where is the business and mailing address for Priority Technology Holdings, Inc. and Thomas C. Priore?
The address is 2001 Westside Parkway, Suite 155, Alpharetta, GA 30004.
Filing Stats: 878 words · 4 min read · ~3 pages · Grade level 7.2 · Accepted 2024-06-21 16:42:10
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
- $3.56 — n June 14, 2024 in a direct purchase at $3.56 per share purchase price. (d) Not app
Filing Documents
- sc13dathomascpriore.htm (SC 13D/A) — 47KB
- 0001746475-24-000002.txt ( ) — 49KB
Security and Issuer
Item 1. Security and Issuer. This Amendment No. 4 relates to the Common Stock, $0.001 par value per share (the Common Stock ) of Priority Technology Holdings, Inc., a Delaware corporation (the Issuer ), with principal executive offices at 2001 Westside Parkway, Suite 155, Alpharetta, Georgia 30004.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
of the Schedule 13D is hereby amended and restated as follows
Item 5 of the Schedule 13D is hereby amended and restated as follows (a) See rows (11) and (13) of the cover page to this Amendment No. 4 for the aggregate number of shares of Common Stock and percentages of the Common Stock beneficially owned by the Reporting Person. The percentages used in this Amendment No. 4 are calculated based upon 75,792,939 shares of Common Stock reported to be outstanding as of March 25, 2024, as described in the Company's Annual Report filed with the SEC on April 12, 2024. (b) See rows (7) through (10) of the cover pages to this Amendment No. 4 for the number of shares of Common Stock as to which the Reporting Person have the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (c) The Reporting Person acquired 598,187 shares on June 14, 2024 in a direct purchase at $3.56 per share purchase price. (d) Not applicable. (e) Not applicable. CUSIP No. 74275G 107 13D SIGNATURE After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this Amendment No. 3 to Schedule 13D is true, complete and correct. s Thomas C. Priore THOMAS C. PRIORE CUSIP No. 74275G 107 13D