Repay Holdings Corporation (NASDAQ:RPAY) has responded to a letter from Veradace Partners addressing governance concerns and the company’s proposed acquisition of KUBRA.
The board confirmed it has reviewed Veradace’s correspondence and reiterated its support for the KUBRA transaction, arguing that the deal will expand REPAY’s presence in bill payment services, strengthen its role in payment flows, and deepen relationships with enterprise clients.
REPAY said it has been in ongoing discussions with Veradace over an extended period and has taken its views into account alongside feedback from other shareholders. The company added that it remains focused on acting in the best interests of its broader investor base.
The KUBRA acquisition is proceeding under a definitive agreement with committed debt financing already in place. The transaction is still subject to regulatory approvals and standard closing conditions, and the company noted that no shareholder vote is currently required.
According to the board, the deal has been assessed within the context of REPAY’s broader growth strategy and capital allocation priorities, which include prior share buybacks and maintaining balance sheet discipline. REPAY said it believes the acquisition has the potential to deliver long-term value for shareholders.