Forager Raises Proposal to Acquire Repay to $5.25 Per Share

About this update from Repay Holdings Corporation

Believes Additional Transaction Value Could Be Supported Through Customary Management Diligence BIRMINGHAM, Ala., June 29, 2026 (GLOBE NEWSWIRE) -- Forager Capital Management, the largest shareholder of Repay Holdings Corporation (NASDAQ: RPAY)(the "Company"), with beneficial ownership of approximately 13% of the issued and outstanding shares, delivered an updated proposal to the Company's Board of Directors to acquire the Company for $5.25 per share in cash following recent discussions with the Company. A copy of Forager's letter to the Board is attached below. June 26, 2026 Repay Holdings Corporation3060 Peachtree Road NW, Suite 1100Atlanta, Georgia 30305Attention: Board of Directors Dear Members of the Board, We appreciate the Chairman taking the time to meet in person and found the discussion productive. We continue to believe that stockholders are best served by moving beyond an initial discussion and beginning substantive dialogue regarding valuation, confirmatory due diligence, and transaction structure. Our increased price reflects our continued conviction in the value of Repay and our belief that the Board's initial step deserved a constructive response. Our proposal nevertheless remains based solely on publicly available information. We are confident we could identify additional value if we are permitted customary access to management and are allowed to complete confirmatory due diligence. Our New Proposal We are pleased to propose acquiring 100% of the outstanding shares of Common Stock of the Company at a price of $5.25 per share in cash (the "Transaction"). The proposed $5.25 per share price represents a 91% premium to the Company's unaffected 30-day volume-weighted average price of $2.75 at the time of our original proposal and provides stockholders with certain cash value today. Given our ownership position and applicable disclosure obligations, we must publicly disclose this letter. We hope this new offer will facilitate constructive discussions with the Board regarding valuation, with the goal of entering into a mutually agreeable transaction that is in the best interest of all stockholders. We believe this is a compelling opportunity for stockholders to realize the full value of their shares in a single, decisive transaction. Our experience with the short-term focus of small cap public markets has led us to believe that the Company will ...

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