Business
REPAY Board of Directors Authorizes Increase to Share Repurchase Program, Up to $75 million
ATLANTA, May 12, 2025--Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY" or the "Company"), a leading provider of integrated payment processing solutions, today announced that its Board of Directors has increased its authorized share repurchase program. The share repurchase program authorizes the Company to now purchase up to $75 million (up from $50 million) of the Company’s Class A common stock. As of the date of this release, there remains approximately $61.2 million in capacity for share re
About this update from Repay Holdings Corporation
[{"type":"text","content":"ATLANTA, May 12, 2025--(BUSINESS WIRE)--Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY" or the "Company"), a leading provider of integrated payment processing solutions, today announced that its Board of Directors has increased its authorized share repurchase program. The share repurchase program authorizes the Company to now purchase up to $75 million (up from $50 million) of the Company’s Class A common stock. As of the date of this release, there remains approximately $61.2 million in capacity for share repurchases under the increased share repurchase program.","length":592,"tagName":"p"},{"type":"text","content":""This upsized buyback authorization reinforces the Board’s confidence in REPAY’s profitable growth and free cash flow generation," said John Morris, CEO of REPAY. "Our capital allocation priorities remain focused on maintaining a strong balance sheet and investing towards organic and inorganic opportunities to create value for shareholders. This increased authorization enhances our ability to make disciplined capital decisions based on REPAY’s financial position and current market conditions."","length":518,"tagName":"p"},{"type":"text","content":"Repurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of any repurchases depending on market conditions and corporate needs. Open market repurchases are expected to be structured to occur within the pricing and volume requirements of Rule 10b-18. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.","length":468,"tagName":"p"},{"type":"text","content":"This program does not obligate the Company to acquire any particular amount of its Class A common stock and the program may be modified, suspended or discontinued at any time at the Company’s discretion.","length":203,"tagName":"p"},{"type":"text","content":"About REPAY","length":11,"tagName":"p"},{"type":"text","content":"REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and busine...