Priority Technology Holdings, Inc. Has Entered Into Stalking Horse Agreement with Plastiq, Inc.
Plastiq, Inc., is a B2B payments platform that offers bill pay and instant access to working capital to small and midsize businesses.
- Plastiq, Inc., is a B2B payments platform that offers bill pay and instant access to working capital to small and midsize businesses.
- “The synergies between our respective B2B payment assets will help business owners optimize their cash flow and working capital strategies,” said Thomas Priore, Chairman and CEO of Priority.
- The Purchase Agreement is subject to certain customary closing conditions, including certain orders being entered by the Bankruptcy Court.
- The Purchase Agreement is also subject to higher and better offers Plastiq may receive during the auction process.