Repay Holdings Corporation was an incredible trade for those who bought the warrants early and the business remains very attractive. That’s according to a Real Vision interview with IPO Edge Editor-in-Chief John Jannarone, who recommended buying warrants in the special purpose acquisition company, or SPAC, before the vehicle took Repay public. There was reason to be confident in the business because a private equity firm planned to stick with it, but the investment became incredibly attractive when institutional investors including Baron Capital put private money into the deal and effectively bought out 3/4 of the warrants. Jannarone advised doubling down after that announcement, which has worked out well: Investors who bought warrants at $1.75 are now sitting on cash and securities worth approximately $2.20. While the business is still attractive, the serious money has probably been made for now.