PAYA - PAYA STOCK NEWS

Paya (NASDAQ: PAYA) announced leadership appointments with Michele Shepard as Chief Commercial Officer and Balaji Devarasetty as Chief Technology Officer, aimed at enhancing its integrated payments strategy. CEO Jeff Hack emphasized these appointments will enable growth through innovation and improved market reach. Shepard brings extensive experience in sales and marketing from prior roles at Insurity, Vertafore, and Gartner. Devarasetty previously led technology at Bakkt, focusing on product development to support Paya’s growth trajectory.

Paya (NASDAQ: PAYA) announced the appointment of Sid Singh to its Board of Directors. Singh, currently President at Equifax, has a proven track record in the financial technology sector, generating over $2 billion in annual revenue. His previous experience includes leading integrated solutions at Global Payments, contributing to over $1 billion in revenue. Paya, a top 20 payment processing provider in the US, processes more than $40 billion annually, serving over 100,000 clients across multiple verticals. Singh aims to enhance Paya's growth trajectory through his extensive industry insights.

Paya Holdings Inc. (NASDAQ: PAYA) has completed its exchange offer and consent solicitation for outstanding warrants. The company will exchange untendered warrants at a ratio of 0.234 shares of common stock for each warrant, effective September 30, 2021. No warrants will remain after this exchange. Evercore Group has been appointed as the Dealer Manager for this transaction. Paya is a major player in payment processing, managing over $40 billion in annual payment volume, serving more than 100,000 customers across various sectors.

Paya Holdings announced the successful expiration of its exchange offer and consent solicitation for warrants, with approximately 98.4% of public warrants validly tendered. This includes 17,380,396 public and 50,000 private warrants. The approval for the warrant agreement amendment was also achieved, surpassing the 65% threshold required. The SEC approved Paya's registration statement for common stock issuance in the Exchange Offer.

Paya, a leader in integrated payments, has partnered with Paradigm to enhance payment processing in the building industry. This partnership introduces Paradigm Payments, a solution that enables contractors and other stakeholders to process payments in real-time, improving efficiency and boosting on-site sales. Paya's payments platform aims to simplify financial transactions, supporting the bottom line for businesses involved in construction. Paya, processing over $40 billion in annual payment volume, continues to expand its reach in high-growth markets, serving over 100,000 clients.

Paya Holdings (NASDAQ: PAYA) announced an exchange offer and consent solicitation for its outstanding public and private placement warrants, aimed at simplifying its capital structure. The company proposes to exchange up to 4,605,885 shares of common stock for warrants, offering 0.260 shares per warrant. Concurrently, Paya seeks consent to amend the warrant agreement, allowing existing warrants to convert at a reduced ratio of 0.234 shares. The offering period ends on September 10, 2021, unless extended. Approximately 63.2% of public warrant holders have committed to participate, needing about 1.8% more for adoption.

Paya Holdings (NASDAQ: PAYA) reported robust financial results for Q2 2021, showcasing strong momentum across its business. Payment volume increased by 36.8% to $10.7 billion, while total revenue rose 25.2% to $63.9 million. Integrated Solutions and Payment Services segments saw respective revenue increases of 31.3% and 16.5%. However, net income fell to $(3.1) million from $0.6 million year-over-year. The company maintains a strong outlook for 2021, projecting total revenue between $244 million and $248 million.

Paya Holdings, a key player in integrated payments, announced the release of its second quarter 2021 financial results on August 6, 2021, before market open. CEO Jeff Hack and CFO Glenn Renzulli will discuss these results during a conference call at 8:00 AM EDT the same day. Investors can join the call via webcast or by phone. Paya processes over $35 billion in annual payment volume and serves over 100,000 customers across various sectors including healthcare and education.

Paya (NASDAQ: PAYA) has announced a strategic partnership with RECUR360, enhancing payment solutions for clients in the B2B sector. The collaboration will provide integrated card and ACH capabilities, improving efficiency in payment processes. This partnership aims to serve new markets including wholesalers and distributors, further solidifying Paya's value in B2B software services. Paya processes over $35 billion in annual payment volume, positioning it as a top provider in the US payment processing landscape.