July 1, 2021 7:46 AM 26 seconds read

BTRS Prices Secondary Equity Offering By Selling Stakeholder At 5.8% Discount

by Anusuya Lahiri Benzinga Editor
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  • BTRS Holdings Inc’s BTRS selling shareholders priced 9 million shares at $12.25 per share in a secondary public offering.
  • The offer price signifies a 5.8% discount to the BTRS’ Tuesday closing price of $13.01.
  • The estimated gross proceeds are $110.25 million.
  • BTRS will not receive any of the proceeds from the offering.
  • The underwriters have a 30-day option to purchase additional shares up to 1.35 million.
  • Price action: BTRS shares closed lower by 3.07% at $12.62 on Wednesday.
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