Repay Holdings rejects unsolicited proposal from Forager Capital

Repay Holdings (RPAY) “announced that its Board of Directors unanimously rejected the unsolicited, non-binding proposal from Forager Capital Management, LLC, a stockholder of the Company, to acquire the outstanding shares of the Company for $4.80 per share in cash. The Board, consistent with its fiduciary duties and in consultation with its financial and legal advisors, conducted a comprehensive review of Forager Capital’s unsolicited, non-binding proposal. The Board unanimously determined that the proposal significantly undervalues the Company and is therefore not in stockholders’ best interests.”