{"id":955301,"date":"2026-04-28T08:04:53","date_gmt":"2026-04-28T12:04:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-days-after-forager-proposal-board-has-yet-to-engage-ongoing-delay-raises-stockholder-concerns\/"},"modified":"2026-04-28T08:04:53","modified_gmt":"2026-04-28T12:04:53","slug":"ten-days-after-forager-proposal-board-has-yet-to-engage-ongoing-delay-raises-stockholder-concerns","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-days-after-forager-proposal-board-has-yet-to-engage-ongoing-delay-raises-stockholder-concerns\/","title":{"rendered":"Ten Days After Forager Proposal, Board Has Yet to Engage; Ongoing Delay Raises Stockholder Concerns"},"content":{"rendered":"
\n

BIRMINGHAM, Ala., April 28, 2026 (GLOBE NEWSWIRE) — Forager Capital Management (\u201cForager\u201d), the largest stockholder of Repay Holdings Corporation (NASDAQ: RPAY) (the \u201cCompany\u201d), with beneficial ownership of approximately 13% of the issued and outstanding shares, issued the following statement:<\/p>\n

\u201cWe are surprised that ten days have passed without any substantive communication from the Board regarding our all-cash proposal to acquire the Company at a 75% premium to the 30-day VWAP at the time of our proposal. Our proposal represents a significant premium and provides stockholders with immediate and certain value.<\/p>\n

To date, the Board\u2019s only responses have been to adopt a poison pill and, for the first time in the Company\u2019s history, issue a preliminary earnings release. These actions raise questions about whether the appropriate focus is being placed on evaluating a compelling proposal versus implementing defensive measures.<\/p>\n

We believe the best way to maximize value for stockholders is prompt and constructive engagement on our proposal. Every day the Board delays both prolongs stockholders\u2019 receipt of cash and reduces their IRR.\u201d<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

\n
Contact:\r\n\r\nJohnny Wilhelm\r\nPartner, Forager Capital Management\r\n205-383-4763\r\ninfo@foragercap.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
BIRMINGHAM, Ala., April 28, 2026 (GLOBE NEWSWIRE) — Forager Capital Management (\u201cForager\u201d), the largest stockholder of Repay Holdings Corporation (NASDAQ: RPAY) (the \u201cCompany\u201d), with beneficial ownership of approximately 13% of the issued and outstanding shares, issued the following statement: \u201cWe are surprised that ten days have passed without any substantive communication from the Board regarding our all-cash proposal to acquire the Company at a 75% premium to the 30-day VWAP at the time of our proposal. Our proposal represents a significant premium and provides stockholders with immediate and certain value. To date, the Board\u2019s only responses have been to adopt a poison pill and, for the first time in the Company\u2019s history, issue a preliminary earnings release. These actions raise … <\/p>\n
Continue reading “Ten Days After Forager Proposal, Board Has Yet to Engage; Ongoing Delay Raises Stockholder Concerns”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-955301","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTen Days After Forager Proposal, Board Has Yet to Engage; Ongoing Delay Raises Stockholder Concerns - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ten-days-after-forager-proposal-board-has-yet-to-engage-ongoing-delay-raises-stockholder-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ten Days After Forager Proposal, Board Has Yet to Engage; Ongoing Delay Raises Stockholder Concerns - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BIRMINGHAM, Ala., April 28, 2026 (GLOBE NEWSWIRE) — Forager Capital Management (\u201cForager\u201d), the largest stockholder of Repay Holdings Corporation (NASDAQ: RPAY) (the \u201cCompany\u201d), with beneficial ownership of approximately 13% of the issued and outstanding shares, issued the following statement: \u201cWe are surprised that ten days have passed without any substantive communication from the Board regarding our all-cash proposal to acquire the Company at a 75% premium to the 30-day VWAP at the time of our proposal. 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