With a shelf offering, the company can sell some or none of the securities in any mix it chooses. Repay acquired CPlus this year and in the last two years purchased APS Payments, Trisource Solutions and CDT Technologies, the latter doing business as Ventanex.The use of proceeds given was wide, but included “repurchase, redemption or retirement of securities, including Post-Merger Repay Units, future acquisitions, satisfaction of earnout obligations from prior acquisitions, the repayment of outstanding indebtedness and working capital.” Its most recent financial report showed the impact of the acquisitions. Repay lost $22.8 million for the half ended June 30, compared to earnings of $5.89 million for last year’s corresponding period. Reve8e for the most recently ended period was slightly less than $76 million, an almost 70-percent rise from $44.7 million the prior year.  Revenue from APS, Trisource and Ventanex was responsible for $23.7 million of the increase. Contributing to the loss was a more than five-fold increase in depreciation and amortization expense, which rose to $28.6 million from $5.89 million. Interest expense more than doubled to $7.3 million from $2.9 million as the result of a new credit agreement. The loss was pared by a slightly more than $5-million tax benefit, as opposed to a year ago when the company was not subject to income tax.