M I Acquisitions, Inc.

M I Acquisitions, Inc. is a blank-check company (SPAC) that raised $50M in its initial public offering on Sep 15, 2016. It completed its business combination with Priority Payment Systems on Jul 25, 2018; the combined company is Priority Technology Holdings, Inc. (PRTH). Loeb & Loeb advised the SPAC and McDermott Will & Emery advised the underwriters on the IPO.

Priority Payment Systems, part of Priority Holdings, LLC, provides B2C and B2B payment processing solutions and is based in Alpharetta, Georgia. It is the target of a business combination with M I Acquisitions.

Status

Merger completed

IPO date

Sep 15, 2016

IPO size

$50M

Target

Priority Payment Systems (Priority Investment Holdings, LLC and Priority Incentive Equity Holdings, LLC)

Announced

Jun 20, 2018

Closed

Jul 25, 2018

Combined company

Priority Technology Holdings, Inc. (PRTH)

SPAC counsel (IPO)

Loeb & Loeb

Underwriters' counsel (IPO)

McDermott Will & Emery