Forager Capital Management Proposes to Acquire Repay Holdings Corporation for $4.80 Per Share in Cash

BIRMINGHAM, Ala., April 17, 2026 (GLOBE NEWSWIRE) -- Forager Capital Management, LLC, the largest shareholder of Repay Holdings Corporation (NASDAQ: RPAY ) (the "Company"), with beneficial ownership of approximately 13% of the issued and outstanding shares, sent the below letter to the Board of Directors of the Company, which details its $4.80 per share, all-cash proposal to acquire the Company. April 17, 2026 Repay Holdings Corporation 3060 Peachtree Road NW, Suite 1100 Atlanta, Georgia 30305 Attention: Board of Directors Dear Members of the Board, I am writing to you on behalf of Forager Capital Management, LLC ("Forager"). We have followed Repay Holdings Corporation (the "Company") since its IPO, and we currently own approximately 13% of the issued and outstanding shares. We have a high regard for the Company and its shareholders, which is why we reached out to John Morris, Rob Houser, and Stewart Grisante on April 13, 2026 to request a preliminary, exploratory discussion about a potential acquisition of the Company. We made clear at that time that we had not formed any definitive plan or proposal. We were disappointed that the Board's immediate reaction to that exploratory outreach was to implement a shareholder rights plan less than 24 hours later. We believe this response is difficult to reconcile with a genuine commitment to maximizing shareholder value. Our Proposal We ... Full story available on Benzinga.com