BTRS Holdings (BTRS) to Offer 9M Shares in Secondary Offering

BTRS Holdings Inc. (Nasdaq: BTRS) announced the commencement of an underwritten secondary offering of 9,000,000 shares of the Company’s Class 1 common stock. All of the Class 1 common stock is being offered by existing shareholders and BTRS will not receive any of the proceeds from the offering. The selling shareholders have granted the underwriters a 30-day option to purchase an aggregate of not more than 1,350,000 additional shares of the Company’s Class 1 common stock on the same terms and conditions. The Company will not receive any proceeds from any sale of shares by the selling shareholders.

The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.

Citigroup Global Markets, Inc., J.P. Morgan Securities LLC, BofA Securities, Inc. and William Blair & Company, L.L.C. are acting as bookrunners.

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