Forager Fund Increases Stake in Repay Holdings Corp to 11.9%

On April 3, 2026, Forager Fund, L.P., along with Forager Capital Management, LLC and managing partners Edward Kissel and Robert MacArthur, filed an amendment to their Schedule 13D regarding Repay Holdings Corp (RPAY). The filing discloses that the reporting persons have increased their position to an aggregate of 10,192,937 shares of Class A Common Stock, representing approximately 11.9% of the company. Specifically, Forager Fund, L.P. holds 10,192,837 shares. The acquisition was funded using $34,723,158.43 in working capital from the Fund and the General Partner. Recent open-market transactions between March 25 and April 2, 2026, involved the purchase of over 1.59 million shares at prices ranging from $2.5251 to $3.0477 per share. The reporting persons maintain shared voting and dispositive power over the holdings, with the GP, Mr. Kissel, and Mr. MacArthur exercising control over the Fund's assets. The transactions were conducted in the ordinary course of business for investment purposes.