
Corporate GovernanceApr 14, 2026, 08:42 AM
Repay Holdings Adopts Stockholder Rights Plan with 12.5% Trigger
AI Summary
Repay Holdings Corporation's Board of Directors adopted a stockholder rights plan on April 13, 2026, declaring a dividend of one preferred share purchase right for each outstanding share of Class A common stock. This "poison pill" is designed to prevent hostile takeovers by imposing significant dilution on any person or group that acquires 12.5% or more of the company's common stock without prior Board approval. The rights dividend is payable on April 24, 2026, to stockholders of record on the same date.
Key Highlights
- Board adopted a stockholder rights plan on April 13, 2026.
- One preferred share purchase right issued per Class A common stock share.
- Triggering percentage for dilution is 12.5% beneficial ownership.
- Rights payable on April 24, 2026, to record holders on April 24, 2026.