Repay (RPAY) Registration Filing summary

Company overview and business model

• Provides integrated payment processing solutions to industry-specific vertical markets, leveraging a proprietary technology platform to simplify electronic payments for businesses.

• Focuses on tailored payment solutions, deep vertical market knowledge, and fostering long-term client relationships to drive growth.

• Originated from a SPAC merger and operates as a Delaware corporation, with shares listed on Nasdaq under the symbol "RPAY."

Financial performance and metrics

• As of December 31, 2024, total consolidated liabilities were approximately $798.7 million, with $220 million in convertible notes outstanding and $250 million in undrawn senior secured revolving credit facility capacity.

• Subsidiaries had approximately $98.3 million in total liabilities, excluding intercompany obligations.

Use of proceeds and capital allocation

• Will not receive any proceeds from the issuance of shares upon conversion of the notes; all registration expenses for the conversion shares will be borne by the company.