PAYA - Mergers and acquisitions

NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Warns Investors That Nuvei was Recently Listed as a Creditor in the FTX Bankruptcy; Spruce Point's Research Indicates Nuvei was Likely an FTX Investor Nuvei Recently Hired FTX's Global Head of Payments as a Senior Vice President Despite His Track Record of Previous Failed Business Ventures Connected With Multiple Controversial People Believes That Nuvei's $1.3 Billion Levered Acquisition of Paya Holdings is Obscuring Nuvei's Underlying Growth Challenges Questions Paya's Organic Growth, Cash Flow and Customer Representations Made to Nuvei Which it Relied Upon in its Acquisition Sees 35

Expands and strengthens Paya's robust ISV partnership roster and capabilities in non-profit and healthcare verticals Accelerates Paya's growth trajectory in 2021 ATLANTA, April 26, 2021 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings," "Paya" or the "Company"), a leading integrated payments and commerce solution provider, today announced the acquisition of Paragon Payments Solutions ("Paragon"). Founded in 1994 and based in Tempe, AZ, Paragon is a growing integrated payments solutions provider, focused on serving the unique needs of the non-profit and healthcare verticals. Paragon's omnichannel solutions offering, partner-centric distribution model, payment agnostic