#United States #New York #Priority Technology #Thomas Priore #BFA Law

Investigation Launched into Priority Technology Holdings' Acquisition Deal

On September 29, 2026, Bleichmar Fonti & Auld LLP, a renowned securities law firm, announced an investigation concerning the proposed acquisition of Priority Technology Holdings, Inc. (NASDAQ: PRTH). The investigation focuses on the deal where Thomas Priore, the controlling stockholder and CEO, aims to take the company private at a price of $8.05 per share.

Background of the Acquisition

Priority Technology is registered in Delaware and has been under the control of Thomas Priore, who possesses approximately 56.54% of the company's stock. On September 21, 2026, an agreement was reached for the acquisition to be finalized, declaring that PRTH shareholders would receive $8.05 per share in cash. This offer came with the approval of an ostensibly independent special committee of the company's board.

However, the planned acquisition raises crucial questions regarding its fairness to minority shareholders and whether adequate measures have been taken to safeguard their interests during the approval process.

Reasons for the Investigation

Bleichmar Fonti & Auld LLP’s investigation is primarily centered on potential breaches of fiduciary duty by Thomas Priore and the board in connection with the ongoing merger process. The law firm's inquiry seeks to determine if the terms of the merger are equitable for minority shareholders and whether the management maintained appropriate legal protections throughout the negotiating phase.

If it is found that the terms are unfair or that insufficient legal safeguards were in place, there could be significant ramifications for Priore and the board, potentially implicating them in breaching their fiduciary responsibilities.

How Affected Shareholders Can Act

Current shareholders of Priority Technology Holdings are urged to gather further information regarding their rights and possible actions. By reaching out to BFA, investors can assess the legal options available to them concerning this acquisition deal. Notably, all representation is undertaken on a contingency fee basis, meaning that clients will incur no costs unless a favorable outcome is secured in court.

BFA Law emphasizes the importance of acting promptly, suggesting that shareholders submit their information via the law firm's website to initiate dialogue regarding their positions and rights during this troubling period.

Why Choose Bleichmar Fonti & Auld LLP?

BFA has established a prominent reputation in representing plaintiffs in securities litigation and class actions, earning distinctions from various highly regarded platforms such as Chambers USA and The Legal 500. It is recognized for its client-focused approach and dedication to achieving substantial settlements for its clients. In previous cases, BFA successfully recovered significant sums for investors, including over $900 million from Tesla's board and $420 million from Teva Pharmaceuticals.

As investor concerns grow regarding the fairness of the acquisition of Priority Technology by Priore, affected shareholders should consider reaching out to BFA for advocacy and potential recourse in protecting their investment. For additional information, potential clients can visit BFA Law's Priority Technology investigation page.

In conclusion, the unfolding investigation into the proposed acquisition of Priority Technology Holdings by Thomas Priore is significant for current shareholders, who now have the opportunity to evaluate their legal standings and determine the best course of action to safeguard their interests.