This repair method uses epoxy resin and microballoon putty. Instead of epoxy you could use polyester resin or vinyl ester resin, with minor changes dictated by the resin instructions. Remember that unlike epoxy, those other resins dissolve styrofoam. This board is urethane foam so it doesn't matter.
Stuff you'll need:
Epoxy resin and the directions to not screw it up.
Fiberglass cloth. I have 8 oz and 4 oz.
Tyvek bunny suit to keep fiberglass dust off your skin.
safety glasses, dust mask, gloves for ditto.
Angle grinder, sanding disk, backing pad.
assorted other abrasive spinning devices, sanding blocks, sandpaper
Step 1: Scrape off the Wax
You can also use a "comb" which is a similar wax texturing tool sold in surfing stores for this purpose.
Then use the straight edge of the glue applicator or any sharpened-credit-card type tool to scrape off as much wax as you can.
Non-surfers may wonder why people wax their boards, and why it looks like it was waxed with candle drippings, not like an ad for floor shine products. The purpose of sufboard wax is to provide a non-slip surface for the feet. So rougher is better.
The wax also gets sand stuck to it. If you surf bare-chested your abraded flesh will get embedded in the wax and your nipples will bleed. You'll realize why "a shirt worn while surfing" is called a "rash guard".
Step 2: Heat Gun and Rag to Remove More Wax
Then soak a new clean rag with isopropyl alcohol and rub down the board to remove any remaining traces of wax. Wax would prevent the new fiberglass from sticking properly