Priority Technology Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
PRTH$7.900.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Commonly Used or Defined Termsii
| Term | Definition |
|---|---|
| 2018 Plan | 2018 Equity Incentive Plan |
| 2021 Stock Purchase Plan | Priority Technology Holdings, Inc. 2021 Employee Stock Purchase Plan |
| 2021 Share Repurchase Program | Priority Technology Holdings, Inc. 2021 Share Repurchase Program |
| AOCI | Accumulated other comprehensive income/loss |
| AP | Accounts payable |
| ASC | Accounting Standards Codification |
| APIC | Additional paid-in capital |
| Amended Certificate of Designation | Amended and Restated Certificate of Designation of Senior Preferred Stock effective as of June 30, 2023 |
| ASU | Accounting Standards Update |
| B2B | Business-to-business |
| B2C | Business-to-consumer |
| CEO | Chief Executive Officer |
| CFO | Chief Financial Officer |
| Common Stock | The Company's Common Stock, par value $0.001 |
| CODM | Chief operating decision maker |
| 2024 Credit Agreement | Credit and Guaranty Agreement with Truist Bank dated as of May 16, 2024 |
| 2021 Credit Agreement | Credit and Guaranty Agreement with Truist Bank dated as of April 27, 2021 (as amended) |
| EAETR | Estimated annual effective tax rate |
| ESPP | Employee Stock Purchase Plan |
| Exchange Act | Securities Exchange Act of 1934 |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| FBO | For the benefit of |
| FI | Financial institution |
| Finxera | Finxera Holdings, Inc. |
| GAAP | U.S. Generally Accepted Accounting Principles |
| ISO | Independent sales organization |
| ISV | Independent software vendor |
| LIBOR | London Interbank Offered Rate |
| NCI | Non-controlling interests in consolidated subsidiaries |
| PHOT | Priority Hospitality Technology, LLC |
| Plastiq | Acquisition of Plastiq, Inc. and certain of its affiliates |
| PRTH | Priority Technology Holdings, Inc. |
| 2024 Revolving credit facility | $70.0 million line issued under the 2024 Credit Agreement |
| 2021 Revolving credit facility | $65.0 million line issued under the 2021 Credit Agreement |
| SEC | Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate |
| SMB | Small to medium-sized businesses |
| 2021 Term facility | $620.0 million senior secured term loan facility issued under the 2021 Credit Agreement (including $320.0 million delayed draw facility) |
ii
Unaudited Consolidated Balance Sheets
(in thousands, except share data)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.