Repay Holdings issues statement on Veradace Partners’ letter

Repay issued the following statement in response to the letter by Veradace Partners: REPAY’s Board of Directors and management team acknowledge receipt of a letter from Veradace Partners regarding governance requests and our recently announced agreement to acquire KUBRA. The KUBRA acquisition will enhance REPAY’s scale in bill payments, strengthen its position in highly reoccurring, non-discretionary payment flows, and expand relationships with enterprise clients. The Board evaluated the transaction within the Company’s broader growth strategies and capital allocation framework, including prior share repurchases and ongoing balance sheet discipline. The Company has engaged constructively with Veradace over an extended period, has carefully considered their perspectives alongside input from other shareholders and remains focused on acting in the best interests of REPAY and all shareholders.