Repay Holdings Corp. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Repay Holdings Corporation on November 22, 2019. The filing addresses the consummation of the acquisition of TriSource Solutions, LLC ("TriSource") on August 13, 2019, by Repay Holdings, LLC, an indirect majority-owned subsidiary of the Company.
Key Financial Metrics
The filing does not provide specific standalone revenue, profit, cash flow, margin, debt, or liquidity figures for the reporting period. Instead, it serves to incorporate by reference unaudited pro forma condensed combined financial information for the nine months ended September 30, 2019, which is detailed in Exhibit 99.1 attached to the filing.
Material Changes
The primary material event is the acquisition of TriSource Solutions, LLC. This filing updates previous disclosures made on August 14, 2019, and amended on September 20, 2019, by providing pro forma financial data for the nine-month period ended September 30, 2019, to reflect the combined entity's financial position.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the acquisition event. The purpose is strictly to satisfy SEC reporting requirements for pro forma financial information related to the TriSource acquisition.
Investor Verification Checklist
- Review Exhibit 99.1 for the unaudited pro forma condensed combined financial information for the nine months ended September 30, 2019.
- Verify the audited financial statements of TriSource for the year ended December 31, 2018, referenced in the prior August 14, 2019 filing.
- Confirm the unaudited financial statements of TriSource for the six months ended June 30, 2019, referenced in the prior September 20, 2019 amendment.
- Assess the impact of the TriSource acquisition on Repay Holdings' consolidated financial position as presented in the pro forma data.