Veradace Capital Management Reports 8.6% Stake in Repay Holdings Corp and Seeks Board Representation

On April 15, 2026, Veradace Capital Management LLC, alongside Veradace Partners L.P., Alexander Vezendan, and John Conlin, filed a Schedule 13D disclosing an 8.6% ownership stake in Repay Holdings Corp (RPAY). This position consists of 7,245,104 shares of common stock and options to purchase an additional 110,400 shares. The filing marks a transition from a passive investment (previously filed under Schedule 13G) to an active engagement. Veradace expressed concerns regarding the Issuer's long-term performance, specifically citing shareholder opposition to the KUBRA Data Transfer LTD acquisition and a lack of shareholder representation on the Board. Consequently, the Reporting Persons have requested the addition of two new shareholder-supported directors to the Board. Veradace intends to engage in ongoing dialogue with management and the Board regarding strategic direction, capital allocation, and board composition to maximize shareholder value. The securities were purchased for approximately $31.3 million using working capital and ordinary margin accounts.