0001104659-20-006437.txt : 20200124 0001104659-20-006437.hdr.sgml : 20200124 20200124060133 ACCESSION NUMBER: 0001104659-20-006437 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200124 DATE AS OF CHANGE: 20200124 GROUP MEMBERS: EDSPARR PATRIK LENNART GROUP MEMBERS: MIKOSH CHRISTOPHER LOUIS GROUP MEMBERS: TOR INVESTMENT MANAGEMENT (HONG KONG) LTD SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90519 FILM NUMBER: 20543574 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TOR ASIA CREDIT MASTER FUND LP CENTRAL INDEX KEY: 0001756622 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O INTERTRUST SERVICES (CAYMAN) LIMITED STREET 2: 190 ELGIN AVENUE CITY: GEORGETOWN STATE: E9 ZIP: KY1-9005 BUSINESS PHONE: 13459143261 MAIL ADDRESS: STREET 1: C/O INTERTRUST SERVICES (CAYMAN) LIMITED STREET 2: 190 ELGIN AVENUE CITY: GEORGETOWN STATE: E9 ZIP: KY1-9005 SC 13G/A 1 a20-5652_1sc13ga.htm SC 13G/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

REPAY HOLDINGS CORP.

(Name of Issuer)

Class A ordinary share, $0.0001 par value

(Title of Class of Securities)

76029L100

(CUSIP Number)

8/29/2019

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x

Rule 13d-1(b)

o

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

CUSIP No. 76029L100

 

 

1.

Names of Reporting Persons
TOR ASIA CREDIT MASTER FUND LP

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
CAYMAN ISLANDS

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.00%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

2


 

CUSIP No. 76029L100

 

 

1.

Names of Reporting Persons
TOR INVESTMENT MANAGEMENT (HONG KONG) LIMITED

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
HONG KONG

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.00%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

3


 

CUSIP No. 76029L100

 

 

1.

Names of Reporting Persons
EDSPARR PATRIK LENNART

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
SWEDISH

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.00%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

4


 

CUSIP No. 76029L100

 

 

1.

Names of Reporting Persons
MIKOSH CHRISTOPHER LOUIS

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
AMERICAN

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.00%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

5


 

Item 1.

 

(a)

Name of Issuer:
Repay Holdings Corp.

 

(b)

Address of Issuer’s Principal Executive Offices:
3 West Paces Ferry Road

Suite 200

Atlanta GA 30305

 

Item 2.

 

(a)

Name of Person Filing

This statement is filed by Tor Investment Management (Hong Kong) Limited, a Hong Kong private company (“Tor”), Tor Asia Credit Master Fund LP (“Master Fund”), Patrik Lennart Edsparr (“Mr. Edsparr”), and Christopher Louis Mikosh (“Mr. Mikosh”), each with respect to the Issuer’s common stock directly owned by the Master Fund.  Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

 

Messrs Edsparr and Mikosh are the majority owners of Tor.  By virtue of this relationship, they may be deemed to beneficially own the common stock owned directly by the Master Fund.

 

(b)

Address of Principal Business Office or, if none, Residence:

The principal place of business for Tor and Messrs Edsparr and Mikosh is Henley Building 19/F, 5 Queen’s Road Central, Hong Kong.

The principal place of business for the Master Fund is PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.

 

(c)

Citizenship

Tor is incorporated in Hong Kong.

The Master Fund is formed in the Cayman Islands.

Mr. Edsparr is a citizen of Sweden.

Mr. Mikosh is a citizen of the United States.

 

(d)

Title of Class of Securities
Class A ordinary share, $0.0001 par value

 

(e)

CUSIP Number
76029L100

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

x

A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);

 

(k)

o

Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with

§ 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________

 

6


 

Item 4.

Ownership

All ownership information in this Item 4 is at the close of business on December 31, 2019.  The Class A ordinary shares of Thunder Bridge Acquisition, Ltd., a blank check company incorporated in the Cayman Islands (the “Issuer”), disclosed by the Reporting Persons, were initially issued the form of units consisting of one Class A ordinary share and one redeemable warrant. The Reporting Persons converted their units and liquidated 100% of the Class A ordinary shares on September 18, 2018, but continued to hold 1,500,000 of the warrants.  The warrants became exercisable in July 2019, and the Reporting Persons sold down 100% of the remaining holdings between August 22 and August 29, 2019.

 

As of August 29, 2019 the Filing Persons had liquidated their entire position.

 

 

TOR ASIA CREDIT MASTER FUND LP

 

(a)

Amount beneficially owned:   

0

 

(b)

Percent of class:   

0.00%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

 

 

 

(ii)

Shared power to vote or to direct the vote    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of   

 

 

 

(iv)

Shared power to dispose or to direct the disposition of   

0

 

 

TOR INVESTMENT MANAGEMENT (HONG KONG) LTD

 

(a)

Amount beneficially owned:   

0

 

(b)

Percent of class:   

0.00%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

 

 

 

(ii)

Shared power to vote or to direct the vote    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of   

 

 

 

(iv)

Shared power to dispose or to direct the disposition of   

0

 

 

EDSPARR PATRIK LENNART

 

(a)

Amount beneficially owned:   

0

 

(b)

Percent of class:   

0.00%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

 

 

 

(ii)

Shared power to vote or to direct the vote    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of   

 

 

 

(iv)

Shared power to dispose or to direct the disposition of   

0

 

 

MIKOSH CHRISTOPHER LOUIS

 

(a)

Amount beneficially owned:   

0

 

(b)

Percent of class:   

0.00%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

 

 

 

(ii)

Shared power to vote or to direct the vote    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of   

 

 

 

(iv)

Shared power to dispose or to direct the disposition of   

0

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   x.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable.

 

Item 8.

Identification and Classification of Members of the Group

See Ex. 99.1

 

Item 9.

Notice of Dissolution of Group

 

7


 

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Hong Kong registered Type 9 (asset management) license holders is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: January 24, 2020

TOR ASIA CREDIT MASTER FUND LP

 

Name of Entity

 


/s/ James Sweeney

 

Signature

 


James Sweeney / Authorized Signatory

 

Name/Title

 

DATE: January 24, 2020

TOR INVESTMENT MANAGEMENT (HONG KONG) LIMITED

 

Name of Entity

 


/s/ James Sweeney

 

Signature

 


James Sweeney / Director

 

Name/Title

 

 

January 24, 2020

 

Date

 


/s/ Patrik Lennart Edsparr

 

Signature

 


Patrik Lennart Edsparr

 

Name/Title

 

 

January 24, 2020

 

Date

 


/s/ Christopher Louis Mikosh

 

Signature

 


Christopher Louis Mikosh

 

Name/Title

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

8


EX-99.1 2 a20-5652_1ex99d1.htm EXHIBIT 1

Exhibit 99.1

 

EXHIBIT 1

 

JOINT ACQUISTION AGREEMENT

 

PURSUANT TO RULE 13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

DATED:  January 24, 2020

 

 

TOR ASIA CREDIT MASTER FUND LP

 

Name of Entity

 


/s/ James Sweeney

 

Signature

 


James Sweeney / Authorized Signatory

 

Name/Title

 

 

TOR INVESTMENT MANAGEMENT (HONG KONG) LIMITED

 

Name of Entity

 


/s/ James Sweeney

 

Signature

 


James Sweeney / Director

 

Name/Title

 

 

/s/ Patrik Lennart Edsparr

 

Signature

 


Patrik Lennart Edsparr

 

Name/Title

 

 

/s/ Christopher Louis Mikosh

 

Signature

 


Christopher Louis Mikosh

 

Name/Title