Forager Capital has made an unsolicited proposal to acquire Repay Holdings Corp (NASDAQ:RPAY) for $4.80 per share, according to details released on April 17, 2026, signaling a potential deal in the fintech space.
The offer targets Repay, which has a market capitalization of roughly $261.3 million, and represents a notable premium to its recent trading levels, suggesting Forager sees upside in the company’s payments platform and growth trajectory.
Repay operates in the payment processing sector, offering integrated solutions tailored to specific industries. Its platform enables transactions across multiple channels, including mobile apps, text messaging, and online portals, with its Consumer Payments segment forming the core of its revenue base.
Investor attention is also being drawn to recent insider activity, with three buying transactions over the past three months totaling more than 2.5 million shares, potentially reinforcing confidence in the company’s outlook.
Market participants are now focused on how the company’s board will respond, as the proposal could pave the way for further negotiations or a broader strategic review.
If pursued, the acquisition would mark a move by Forager Capital to expand its footprint in fintech, particularly in digital payment infrastructure.