Repay Holdings surges after Forager's takeover proposal

Repay Holdings

17/04/2026 15:57

** Shares of payments tech firm Repay Holdings RPAY.O jump 26.5% to $4.03, hitting an over five-month high

** Stock on track for its biggest one-day jump since November 2022

** Forager Capital Management proposes to acquire RPAY for $4.80 per share in cash, implying a premium of about 50% to RPAY's last close

** Forager, which already owns about 13% of Repay Holdings, said its proposal is not subject to a financing condition

** RPAY stands at a market capitalization of about $278.11 mln with 87.46 mln shares outstanding, as of close on April 17, per LSEG data

** Five analysts covering RPAY stock rate it "buy" or higher and two "hold", median PT at $7 - LSEG-compiled data

** Including session's move, RPAY stock up 10.6% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))