10:01 AM EST, 01/15/2025 (MT Newswires) -- Priority Technology ( PRTH ) said Wednesday it has launched a secondary offering of about 9.2 million shares to be sold by certain selling stockholders.

The underwriters have been granted a 30-day option to acquire an additional 1.4 million shares.

The company said it will not receive any proceeds from the offering.

Priority Technology ( PRTH ) shares were 18% lower in recent trading.

Price: 7.62, Change: -1.95, Percent Change: -20.41