Amended Statement of Ownership: Solicitation (sc 14d9/a)
22 2월 2023 - 11:29PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14D-9
Solicitation/Recommendation
Statement
Under
Section 14(d)(4) of the Securities Exchange Act of 1934
(Amendment
No. 3)
PAYA
HOLDINGS INC.
(Name
of Subject Company)
PAYA
HOLDINGS INC.
(Name
of Person Filing Statement)
Common
Stock, $0.001 par value per share
(Title
of Class of Securities)
70434P
103
(CUSIP
Number of Class of Securities)
Melinda
Doster
General Counsel and Secretary
Paya Holdings Inc.
303 Perimeter Center North, Suite 600
Atlanta, GA 30346
(800) 261-0240
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person Filing Statement)
With copies to:
Jennifer Lee
Sophia Hudson, P.C.
Kirkland & Ellis LLP
601 Lexington Avenue
New York, NY 10022
(212) 446-4800 |
Evan Rosen
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
(212) 450-4000 |
☐ | Check the box if the filing relates solely to preliminary
communications made before the commencement of a tender offer. |
This Amendment No. 3 (this “Amendment
No. 3”) amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 (as further amended or supplemented
from time to time, the “Schedule 14D-9”) previously filed by Paya Holdings Inc., a Delaware corporation (the “Company”
or “Paya”), with the Securities and Exchange Commission on January 24, 2023.
The Schedule 14D-9 relates to the tender offer
by Pinnacle Merger Sub, Inc., a Delaware corporation (“Purchaser”) and an indirect, wholly owned subsidiary of Nuvei
Corporation, a corporation incorporated pursuant to the laws of Canada (“Parent”), to purchase, subject to certain
conditions, any and all of the outstanding shares at a price of $9.75 per share of common stock of Paya, par value $0.001 per share (the
“Shares”), from the seller for cash, without interest thereon (but subject to applicable withholding), upon the terms
and subject to the conditions set forth in the Offer to Purchase, dated January 24, 2023 (as it may be amended or supplemented from time
to time, the “Offer to Purchase”), and in the related Letter of Transmittal (as it may be amended or supplemented from
time to time, the “Letter of Transmittal” and together with the Offer to Purchase, the “Offer”).
The Offer is described in the Tender Offer Statement on Schedule TO filed with the SEC on January 24, 2023 by Purchaser and Parent (together
with any amendments and supplements thereto, the “Schedule TO”).
Capitalized terms used but not otherwise defined
in this Amendment No. 3 shall have the meanings ascribed to such terms in the Schedule 14D-9. The information in the Schedule 14D-9 is
incorporated into this Amendment No. 3 by reference to all applicable items in the Schedule 14D-9, except that such information is hereby
amended and supplemented to the extent specifically provided herein.
| Item
8. | Additional
Information. |
Item 8 “Additional Information” of
the Schedule 14D-9 is hereby amended and supplemented as follows:
| 1. | By adding a new section titled “—Expiration of the Offer Period; Completion of the Merger” immediately before
the section titled “—Cautionary Statement Regarding Forward-Looking Statements” on page 55 as follows: |
“Expiration of the Offer Period; Completion of the Merger
The Offer and related withdrawal rights
expired as scheduled at one minute past 11:59 p.m., New York City Time, on February 21, 2023 (such date and time, the
“Expiration Time”). Continental Stock Transfer & Trust Company, in its capacity as depositary agent and paying agent
for the Offer (the “Depositary and Paying Agent”), advised the Purchaser that, as of the Expiration Time, 110,558,939
Shares had been validly tendered and not validly withdrawn pursuant to the Offer, representing 83.49% of the issued and
outstanding Shares as of the Expiration Time (including, for these purposes, shares forfeited pursuant to the terms of the Sponsor Support Agreement, dated August 3, 2020, by and
among the persons set forth therein). Accordingly, the Minimum Condition (as defined in the Merger Agreement) has been
satisfied. As a result of the satisfaction of the Minimum Condition and each of the other conditions to the Offer, one minute
following 11:59 p.m., New York City Time on February 21, 2023, Parent and the Purchaser accepted for payment the Shares that were
validly tendered and not validly withdrawn pursuant to the Offer prior to the Expiration Time. Parent has transmitted payment for
such Shares to the Depositary and Paying Agent, which will disburse the merger consideration to tendering Company stockholders whose
Shares have been accepted for payment in accordance with the terms of the Offer.
The Company and Parent effected the Merger on February
22, 2023, promptly following the acceptance of all Shares validly tendered and not validly withdrawn pursuant to the Offer, with Purchaser
merging with and into the Company, and the Company continuing as the surviving corporation and an indirect, wholly owned subsidiary of
Parent.
Following the consummation of the Merger, the Shares
will be delisted and will cease to trade on The Nasdaq Capital Market. Parent and the Purchaser intend to take steps to cause the termination
of the registration of the Shares under the Exchange Act and suspend all of the Company’s reporting obligations under the Exchange
Act as promptly as practicable.”
Item 9 “Exhibits” of the Schedule 14D-9
is hereby amended and supplemented by adding the following Exhibit to the list of Exhibits:
Exhibit
No. |
|
Description |
(a)(16) |
|
Press Release issued by Nuvei Corporation, dated February 22, 2023 (incorporated by reference to Exhibit (a)(5)(I) to Amendment No. 3 to the Schedule TO, filed February 22, 2023). |
SIGNATURE
After due 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.
|
PAYA HOLDINGS INC. |
|
|
|
|
By: |
/s/ David Schwartz |
|
Name: |
David Schwartz |
|
Title: |
Chief Financial Officer |
Dated: February 22, 2023
2
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