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Investigation announced for Investors in Paya Holdings Inc. (NASDAQ: PAYA) over potential Wrongdoing

04-12-2023 02:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Paya Holdings Inc. (NASDAQ: PAYA) shares over potential wrongdoing at Paya Holdings Inc

An investigation on behalf of investors in Paya Holdings Inc. (NASDAQ: PAYA) shares over potential wrongdoing at Paya Holdings Inc

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Paya Holdings Inc.

Investors who purchased shares of Paya Holdings Inc. (NASDAQ: PAYA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Paya Holdings Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Atlanta, GA based Paya Holdings Inc., through its subsidiaries, operates as an independent integrated payments platform.

On October 16, 2020, private equity firmGTCR announced the completion of the transaction involving portfolio company Paya Holdings Inc., which resulted in Paya's listing as a publicly-traded company.
On October 15, 2020, shareholders of FinTech Acquisition Corp III (NASDAQ: FTAC) ("FinTech III"), a publicly-traded special purpose acquisition company ("SPAC"), approved the business combination with Paya. As a result, the combined company changed its name to Paya Holdings Inc. ("Paya" or the "Company") and began to trade on the Nasdaq Stock Market with the ticker symbol "PAYA" beginning October 19, 2020.

Shares of Paya Holdings Inc. (NASDAQ: PAYA) declined on May 22, 2022, to $4.57 per share.

Those who purchased shares of Paya Holdings Inc. (NASDAQ: PAYA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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