ATLANTA--(BUSINESS WIRE)--Repay Holdings Corporation (NASDAQ: RPAY) today announced the commencement of a registered underwritten public offering of 10,000,000 shares of its Class A common stock.

All of the proceeds (before expenses) from the offering will be used to acquire 10,000,000 units representing limited liability company interests of Hawk Parent Holdings LLC, the Company’s direct subsidiary, from CC Payment Holdings, L.L.C., an entity controlled by Corsair Capital LLC and its affiliates, for cash. The completion of this transaction will increase the Company’s public float of Class A common stock by 10,000,000 shares.

The last reported sale price of the Company’s Class A common stock on September 9, 2020 was $24.24 per share.

Morgan Stanley & Co. LLC is acting as the sole underwriter for this offering. Morgan Stanley & Co. LLC intends to offer the shares of Class A common stock to the public at a fixed price, which may be changed at any time without notice.