<SEC-DOCUMENT>0001213900-19-019800.txt : 20191004
<SEC-HEADER>0001213900-19-019800.hdr.sgml : 20191004
<ACCEPTANCE-DATETIME>20191004180021
ACCESSION NUMBER:		0001213900-19-019800
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190711
FILED AS OF DATE:		20191004
DATE AS OF CHANGE:		20191004

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corsair Capital LLC
		CENTRAL INDEX KEY:			0001408853
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		191139355

	BUSINESS ADDRESS:	
		STREET 1:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-9400

	MAIL ADDRESS:	
		STREET 1:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CC Payment Holdings, L.L.C.
		CENTRAL INDEX KEY:			0001782000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		191139356

	BUSINESS ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-9400

	MAIL ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corsair IV Payment Holdings Partners, L.P.
		CENTRAL INDEX KEY:			0001781992
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		191139357

	BUSINESS ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-9400

	MAIL ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corsair IV Management L.P.
		CENTRAL INDEX KEY:			0001781986
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		191139358

	BUSINESS ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-9400

	MAIL ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corsair IV Management AIV, L.P.
		CENTRAL INDEX KEY:			0001782071
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		191139359

	BUSINESS ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-9400

	MAIL ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corsair IV Payment Holdings Investors, L.P.
		CENTRAL INDEX KEY:			0001781991
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		191139360

	BUSINESS ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-9400

	MAIL ADDRESS:	
		STREET 1:		C/O CORSAIR CAPITAL
		STREET 2:		717 FIFTH AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Repay Holdings Corp
		CENTRAL INDEX KEY:			0001720592
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3 WEST PACES FERRY ROAD
		STREET 2:		SUITE 200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30305
		BUSINESS PHONE:		(404) 504-7474

	MAIL ADDRESS:	
		STREET 1:		3 WEST PACES FERRY ROAD
		STREET 2:		SUITE 200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30305

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Thunder Bridge Acquisition Ltd
		DATE OF NAME CHANGE:	20171024
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3/A</documentType>

    <periodOfReport>2019-07-11</periodOfReport>

    <dateOfOriginalSubmission>2019-07-22</dateOfOriginalSubmission>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001720592</issuerCik>
        <issuerName>Repay Holdings Corp</issuerName>
        <issuerTradingSymbol>RPAY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001408853</rptOwnerCik>
            <rptOwnerName>Corsair Capital LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>717 FIFTH AVENUE, 24TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001782000</rptOwnerCik>
            <rptOwnerName>CC Payment Holdings, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CORSAIR CAPITAL</rptOwnerStreet1>
            <rptOwnerStreet2>717 FIFTH AVENUE, 24TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK,</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001781992</rptOwnerCik>
            <rptOwnerName>Corsair IV Payment Holdings Partners, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CORSAIR CAPITAL</rptOwnerStreet1>
            <rptOwnerStreet2>717 FIFTH AVENUE, 24TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK,</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001781986</rptOwnerCik>
            <rptOwnerName>Corsair IV Management L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CORSAIR CAPITAL</rptOwnerStreet1>
            <rptOwnerStreet2>717 FIFTH AVENUE, 24TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK,</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001782071</rptOwnerCik>
            <rptOwnerName>Corsair IV Management AIV, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CORSAIR CAPITAL</rptOwnerStreet1>
            <rptOwnerStreet2>717 FIFTH AVENUE, 24TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK,</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001781991</rptOwnerCik>
            <rptOwnerName>Corsair IV Payment Holdings Investors, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CORSAIR CAPITAL</rptOwnerStreet1>
            <rptOwnerStreet2>717 FIFTH AVENUE, 24TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK,</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class V Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                    <footnoteId id="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Post-Merger Repay Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>19564816</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F9"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                    <footnoteId id="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These shares of Class V common stock (&quot;Class V Common Stock&quot;) of the Issuer (as defined below) provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock will be entitled to vote with the holders of Class A common stock (&quot;Class A Common Stock&quot;) of the Issuer, with each share of Class V Common Stock entitling the holder to a number of votes equal to the number of Post-Merger Repay Units (as described below) held by such Class V Common Stock holder at the time of such vote.</footnote>
        <footnote id="F2">These securities were acquired pursuant to Second Amended and Restated Agreement and Plan of Merger, dated effective as of January 21, 2019, as amended from time to time (the &quot;Merger Agreement&quot;), by and among Thunder Bridge Acquisition, Ltd., TB Acquisition Merger Sub LLC (&quot;Merger Sub&quot;), Hawk Parent Holdings LLC (&quot;Repay&quot;), and other parties thereto, pursuant to which Merger Sub merged (the &quot;Merger&quot;) with and into Repay with Repay continuing as the surviving entity and a subsidiary of Thunder Bridge Acquisition, Ltd. (which subsequently changed its name to Repay Holdings Corporation, the &quot;Issuer&quot;). Pursuant to the terms of the Merger Agreement, the owners of Repay prior to the closing of the Merger (the &quot;Closing&quot;) received in the aggregate approximately $260.8 million in cash and, subject to certain post-Closing adjustments, 21,985,297 Post-Merger Repay Units for the Repay limited liability company interests held by them immediately prior to the Closing.</footnote>
        <footnote id="F3">The terms of the Merger Agreement also provide that additional Post-Merger Repay Units will be issued subject to earn out rights (&quot;Earn Out Units&quot;) as discussed below. In the event that the volume-weighted average trading price of the Issuer's Class A Common Stock exceeds (i) $12.50 for twenty out of thirty consecutive trading days during the first twelve months following the Closing (the &quot;$12.50 Condition&quot;), 3,750,000 Post-Merger Repay Units will be issued to the pre-Closing owners of Repay and (ii) $14.00 for twenty out of thirty consecutive trading days during the first twenty-four months following the Closing (the &quot;$14 Condition&quot;), an additional 3,750,000 Post-Merger Repay Units will be issued to the pre-Closing owners of Repay. In addition, in connection with the Merger, each holder of Repay limited liability company interests prior to the Merger received one share of Class V Common Stock.</footnote>
        <footnote id="F4">These Post-Merger Repay Units represent non-voting limited liability company interests of Repay. Pursuant to the terms of an exchange agreement, beginning on the six-month anniversary of the closing date of the Merger, these units may be exchanged at the discretion of the holder for shares of Class A Common Stock on a one-for-one basis, or, at option of the Issuer, cash. These exchange rights do not expire.</footnote>
        <footnote id="F5">This amount includes 4,599,230 Earn Out Units, 50% of which will be issued upon satisfaction of the $12.50 Condition, and the remaining 50% of which will be issued upon satisfaction of the $14 Condition.</footnote>
        <footnote id="F6">These securities are directly held by CC Payment Holdings LLC (&quot;Payment Holdings LLC&quot;). Corsair Capital LLC is the general partner of (a) Corsair IV Management AIV, L.P., which is the general partner of Corsair IV Payment Holdings Partners, L.P. (which holds all of the limited liability company interests of Payment Holdings LLC), and (b) Corsair IV Management L.P., which is (i) the managing member of Payment Holdings LLC, and (ii) the general partner of Corsair IV Payment Holdings Investors, L.P. (the majority limited partner of Corsair IV Payment Holdings Partners, L.P.) (collectively, the &quot;Corsair Entities&quot;).</footnote>
        <footnote id="F7">Each of the Corsair Entities may be deemed to beneficially own the securities directly owned by Payment Holdings LLC, although each of the Corsair Entities (other than Payment Holdings LLC) disclaims beneficial ownership of such securities, except to the extent of their respective pecuniary interest therein.</footnote>
        <footnote id="F8">Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than Payment Holdings LLC) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F9">This Form 3/A is being filed to amend and restate the original Form 4 filed by the Reporting Person with the Securities and Exchange Commission on July 22, 2019 to reflect post-Closing adjustments pursuant to the terms of the Merger Agreement. On October 1, 2019, certain Post-Merger Repay Merger Units held in escrow pending such post-Closing adjustments were released from escrow and distributed to Payment Holdings LLC.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>CORSAIR CAPITAL LLC, By: /s/ Ignacio Jayanti, Name: Ignacio Jayanti, Title: Managing Partner</signatureName>
        <signatureDate>2019-10-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CC PAYMENT HOLDINGS, L.L.C., By: Corsair IV Management L.P., its managing member, By: Corsair Capital LLC, its general partner, By: /s/ Ignacio Jayanti, Name: Ignacio Jayanti, Title: Managing Partner</signatureName>
        <signatureDate>2019-10-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CORSAIR IV PAYMENT HOLDINGS PARTNERS, L.P., By: Corsair IV Management AIV, L.P., its general partner, By: Corsair Capital LLC, its general partner, By: /s/ Ignacio Jayanti, Name: Ignacio Jayanti, Title: Managing Partner</signatureName>
        <signatureDate>2019-10-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CORSAIR IV MANAGEMENT L.P., By: Corsair Capital LLC, its general partner, By: /s/ Ignacio Jayanti, Name: Ignacio Jayanti, Title: Managing Partner</signatureName>
        <signatureDate>2019-10-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CORSAIR IV MANAGEMENT AIV, L.P., By: Corsair Capital LLC, its general partner, By: /s/ Ignacio Jayanti, Name: Ignacio Jayanti, Title: Managing Partner</signatureName>
        <signatureDate>2019-10-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CORSAIR IV PAYMENT HOLDINGS INVESTORS, L.P., By: Corsair IV Management L.P., its general partner, By: Corsair Capital LLC, its general partner, By: /s/ Ignacio Jayanti, Name: Ignacio Jayanti, Title: Managing Partner</signatureName>
        <signatureDate>2019-10-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
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</SEC-DOCUMENT>
