Jamieson is pleased to announce that is has advised the management teams of Repay Holdings, LLC (“Repay”) on their business combination with Thunder Bridge Acquisition, Ltd. (NASDAQ:TBRG), a special purpose acquisition company (“SPAC”). The Company has changed its name to Repay Holdings Corporation and will trade on The NASDAQ Stock Market under the ticker symbol “RPAY.
Repay, headquartered in Atlanta, GA, is a leading provider of vertically integrated payment solutions. Repay offers credit and debit cards, Automated Clearing House (“ACH”), electronic bill payment and instant funding. REPAY processed approximately $7 billion of payment volume in 2018 across diverse verticals, such as personal loans, automotive loans and receivables management
As part of the transaction, founding shareholders will roll over a significant portion of their equity alongside current Sponsor, Corsair Capital. REPAY’s management team, led by John Morris, Co-Founder and CEO, Shaler Alias, Co-Founder and President, and Tim Murphy, CFO, will continue to lead the company.
Jonny Jones, Mike Sirkin, Evan Alper and Ian Rosamilia from Jamieson advised John Morris and the senior management team on the terms of their proceeds, reinvestment and new incentive plan as part of the merger agreement.
Jamieson Corporate Finance US, LLC is a member of FINRA/SIPC