Forager to Acquire Repay for $4.80/Share Cash

Forager Capital Management, the largest shareholder of Repay Holdings Corporation, has proposed to acquire 100% of Repay for $4.80 per share in cash. Forager said it beneficially owns approximately 13% of Repay’s issued and outstanding shares.

The proposal is described as representing a 75% premium to Repay’s 30-day volume-weighted average price of $2.75 as of April 17, 2026. Forager characterized the letter as non-binding and subject to execution of definitive transaction documents.