Billtrust To Hold Special Shareholder Meeting On Proposed Acquisition By EQT Private Equity

11/11/22 8:05:39 AM ET

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BTRS Holdings ("Billtrust" or the "Company") (NASDAQ–BTRS) is pleased to announce that it has set the date for the special shareholder meeting to consider and vote on the proposal to adopt the merger agreement in connection with the proposed acquisition of the Company by EQT X Fund ("EQT Private Equity"). The special meeting will be held on December 13, 2022, for Billtrust shareholders of record at the close of business on November 4, 2022.

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Recent Analyst Ratings for
$BTRS

Date	Price Target	Rating	Analyst
10/7/2022		Outperform → Mkt Perform	William Blair
10/6/2022		Overweight → Sector Weight	KeyBanc Capital Markets
3/2/2022	$17.00 → $13.00	Buy	Canaccord Genuity
3/2/2022	$15.00 → $8.00	Overweight	JP Morgan
3/2/2022	$14.00 → $12.00	Buy	Needham
1/25/2022	$12.00 → $8.00	Overweight	Keybanc
1/7/2022	$8.00	Mkt Perform	Keefe Bruyette
11/12/2021	$16.00 → $12.00	Overweight	Keybanc

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BTRS Holdings Inc (NASDAQ:BTRS) stockholders voted to approve the definitive merger agreement with an affiliate of EQT X Fund (EQT Private Equity) at a special meeting of the company's stockholders. Under the agreement, an affiliate of EQT Private Equity will acquire all of the outstanding shares of Billtrust common stock for $9.50 per share in cash. The transaction will likely close on December 16, 2022. Upon completion of the transaction, Billtrust's shares will no longer trade on the NASDAQ, and Billtrust will become a private company. Billtrust provides cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. In September, the EQ
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BTRS Holdings Inc. Stockholders Approve Proposed Merger With EQT Private Equity; Under The Terms Of The Definitive Merger Agreement, Will Acquire All Of The Outstanding Shares Of Billtrust Common Stock For $9.50 Per Share
BTRS Holdings Inc. ("Billtrust" or the "Company") (NASDAQ:BTRS) today announced that its stockholders voted to approve the definitive merger agreement with an affiliate of EQT X Fund ("EQT Private Equity") at a special meeting of the Company's stockholders. The final voting results for the special meeting will be filed in a Form 8-K with the U.S. Securities and Exchange Commission on December 13, 2022. As previously announced, under the terms of the definitive merger agreement, an affiliate of EQT Private Equity will acquire all of the outstanding shares of Billtrust common stock for $9.50 per share in cash. The transaction is expected to close on December 16, 2022. Upon completion of the
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Billtrust To Hold Special Shareholder Meeting On Proposed Acquisition By EQT Private Equity

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$BTRS Large Ownership Changes

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SEC Form SC 13G/A filed by BTRS Holdings Inc. (Amendment)

SEC Form SC 13G/A filed by BTRS Holdings Inc. (Amendment)

SEC Form SC 13D/A filed by BTRS Holdings Inc. (Amendment)

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SEC Form 4: Bain Capital Venture Investors, Llc disposed of 6,578,947 units of Class 1 Common Stock and returned $206,987,112 worth of Class 1 Common Stock to the company (21,788,117 units at $9.50)

SEC Form 4: Harris Matthew C disposed of 6,578,947 units of Class 1 Common Stock and returned $206,987,112 worth of Class 1 Common Stock to the company (21,788,117 units at $9.50)

SEC Form 4: Herning Andrew J returned $2,033,494 worth of Class 1 Common Stock to the company (214,052 units at $9.50), closing all direct ownership in the company to cover withholding tax

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