Details
Written by: RJ
Priority Technology Holdings as purchased Plastiq. This is the continuation of the original story where Plastiq filed chapter 11 bankruptcy in May 2023.
Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading platform for unified commerce that delivers integrated payments and banking at scale, announced today that it has completed the acquisition of substantially all of the assets of Nearside Business Corp. and PLV Inc., as well as all of the equity of Plastiq Canada Inc. and Plastiq Inc. (collectively, “Plastiq”), with the approval of the United States Bankruptcy Court for the District of Delaware.
“We are eager to welcome Plastiq’s employees and customers into the Priority family,”. “Both companies have been focused on building leading B2B payment solutions. Our combined B2B offering will provide businesses of all sizes a full suite of working capital solutions that optimize their important vendor relationships while maximizing cash flow flexibility to operate and grow their business.”
Thomas Priore, Chairman and CEO of Priority.
First reported by DoC
Thoughts
Glad they found a home. Too early to tell what will happen to the service as far as card users go.
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