EL7.AI
StocksMediumUpdated•Originally published 14 April 2026•Updated 14 April 2026•
1 min read

REPAY Responds to Veradace Partners and Reaffirms KUBRA Acquisition

Key Facts

1REPAY issued a statement responding to a letter from Veradace Partners regarding governance requests and the KUBRA acquisition agreement.
2REPAY's Board and management reaffirmed their commitment to the KUBRA acquisition, stating it will enhance the company's scale in bill payments.

Repay Holdings Corporation (RPAY) has issued a formal statement following increased pressure from Veradace Partners, which revealed a beneficial ownership stake of 8.4% in the company's Class A shares. Veradace has formally called for the addition of shareholder representatives to the Board of Directors and urged the board to investigate and abandon the KUBRA transaction. Despite these demands, REPAY’s Board and management reaffirmed their steadfast commitment to the acquisition, emphasizing its role in scaling the company's presence in the bill payments sector. Management defended the deal as being in the long-term interest of shareholders and essential for strengthening its market position. This public disagreement introduces significant uncertainty as investors monitor the conflict between activist demands for governance changes and the company's expansion strategy.