United States securities and exchange commission logo
November 16, 2022
Thomas Priore
President, Chief Executive Officer and Chairman
Priority Technology Holdings, Inc.
2001 Westside Parkway, Suite 155
Alpharetta, GA 30004
Re: Priority Technology
Holdings, Inc.
Form 10-K for the
Fiscal Year Ended December 31, 2021
Form 8-K Filed May
11, 2022
Response dated
November 10, 2022
File No. 001-37872
Dear Thomas Priore:
We have reviewed your November 10, 2022 response to our comment
letter and have the
following comment. In our comment, we may ask you to provide us with
information so we may
better understand your disclosure.
Please respond to this comment within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your response to this comment, we may have
additional
comments. Unless we note otherwise, our references to prior comments are
to comments in our
October 31, 2022 letter.
Form 8-K Filed May 11, 2022
Exhibit 99.1
Non-GAAP Financial Measures, page 2
1. We have reviewed your
response to comment 4 and note that is does not appear
appropriate to use a
title for your non-GAAP financial measure that appears to be the
same as, or confusingly
similar to, a title used for a GAAP financial measure. Please
revise the title of
your non-GAAP measure "gross profit" and "gross profit margin" to
clearly distinguish it
from the similar GAAP measure. Please refer to the guidance
in Item 10(e)(1)(ii)(E)
of Regulation S-K.
Thomas Priore
Priority Technology Holdings, Inc.
November 16, 2022
Page 2
You may contact Blaise Rhodes at 202-551-3774 or Angela Lumley at
202-551-3398 if
you have questions.
FirstName LastNameThomas Priore Sincerely,
Comapany NamePriority Technology Holdings, Inc.
Division of Corporation
Finance
November 16, 2022 Page 2 Office of Trade &
Services
FirstName LastName