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 shares were 18% lower in recent trading.
Price: 7.62, Change: -1.95, Percent Change: -20.41
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