Repay's Board Rejects Revised Forager Capital Proposal To Buy Shares For $5.25 Per Share; Says Revised Proposal Continues To Significantly Undervalue Company And Is Not In Best Interest Of Stockholders

Repay Holdings Corporation (NASDAQ:RPAY) ("REPAY" or the "Company"), a leading provider of bill payment solutions, today announced that its Board of Directors (the "Board") unanimously rejected the revised unsolicited, non‑binding proposal from Forager Capital Management, LLC ("Forager Capital"), a stockholder of the Company, to acquire the outstanding shares of the Company for $5.25 per share in cash.

The Board, consistent with its fiduciary duties and in consultation with its financial and legal advisors, reviewed Forager Capital’s revised unsolicited, non-binding proposal. The Board unanimously determined that the revised proposal continues to significantly undervalue the Company and is therefore not in stockholders’ best interests.