BTRS announces the launch of a public offering of ordinary shares

LAWRENCEVILLE, NJ, June 28, 2021 (GLOBE NEWSWIRE) – BTRS Holdings Inc. (Nasdaq: BTRS) (“BTRS”), a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B trading, today announced the start of a subscribed secondary offering of 9,000,000 Class 1 ordinary shares of the Company. All Class 1 ordinary shares are being offered by existing shareholders and BTRS will not receive any proceeds from the offering. The selling shareholders have granted the underwriters a 30-day option to purchase a total of up to 1,350,000 additional shares of the Class 1 common shares of the Company on the same terms. The Company will not receive any proceeds from the sale of shares by the selling shareholders.

The offer is subject to market conditions, and there can be no guarantee as to whether or when the offer may be made or as to the size or actual conditions of the offer.

Citigroup Global Markets, Inc., JP Morgan Securities LLC, BofA Securities, Inc. and William Blair & Company, LLC act as bookkeepers.

A registration statement on Form S-1 relating to the shares sold under this offering, including a prospectus, was filed with the United States Securities and Exchange Commission (the “SEC”) on June 28, 2021 , but has not yet entered into force. These securities may not be sold, nor offers to purchase may be accepted, before the entry into force of the registration statement. A prospectus relating to the Offering is available free of charge on the SEC’s website at http://www.sec.gov. Where available, electronic copies of the prospectus may be obtained from Citigroup Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146; or JP Morgan Securities LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: 1-866-803-9204; email: [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. before registration or qualification. under the securities laws of any such state or jurisdiction.

About BTRS Holdings Inc.

BTRS is at the forefront of the digital transformation of accounts receivable (“AR”), providing essential solutions that cover decision making and credit tracking, online ordering, invoicing, cash enforcement and recoveries. BTRS solutions integrate with a number of ecosystem players, including financial institutions, enterprise resource planning (“ERP”) systems and accounts payable (“AP”) software platforms, to help customers accelerate their cash flow and generate sales faster and more efficiently. Customers are using the BTRS platform to move from expensive paper invoicing and check acceptance to efficient electronic invoicing and payments, which accelerates revenue capture, generates savings and provides a better user experience.

Forward-looking statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “may”, “Should”, “could”, “should”, “expect”, “plan”, “anticipate”, “intend”, “believe”, “estimate”, “continue”, “an objective “,” A project “or other expressions which predict or indicate future events or trends or which are not statements of historical fact. These forward-looking statements include, but are not limited to, statements regarding the financial and business performance of BTRS, changes in BTRS strategy, the potential benefits to BTRS customers of BTRS services, the desirability and ability of BTRS to develop and develop its activities, the expansion plans of BTRS, the impact of health epidemics on the activity of BTRS and future operating results. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BTRS management and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to be used as, and should not be relied upon by any investor as, a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many real events and circumstances are beyond the control of BTRS. These forward-looking statements are subject to a number of risks and uncertainties, including the ability to maintain the listing of BTRS common shares on the Nasdaq; changes in applicable laws and regulations; the impact of the COVID-19 pandemic on the activities of BTRS; the ability of BTRS to execute its business model, the ability of BTRS to attract and retain customers and to expand the use of BTRS products and services by customers; risks related to the uncertainty of BTRS ‘forecast financial and operational information; the ability of BTRS to raise capital; the possibility that BTRS will be adversely affected by other economic, business and / or competitive factors; and risks discussed in BTRS ‘Annual Report on Form 10-K filed March 24, 2021, under “Risk Factors” and other BTRS documents filed or to be filed with the SEC. If any of these risks materialize or if any of BTRS’s assumptions prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that BTRS is not currently aware of or that BTRS currently considers to be immaterial, which could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements reflect BTRS ‘expectations, plans or forecasts regarding future events and views as of the date of this press release. BTRS anticipates that subsequent events and developments will cause BTRS valuations to change. However, although BTRS may choose to update these forward-looking statements at some time in the future, BTRS specifically disclaims any obligation to do so. These forward-looking statements should not be taken as representing BTRS’s valuations as of a date subsequent to the date of this press release. Therefore, one should not place undue reliance on forward-looking statements.

Investor Relations Contact for BTRS:
RIC
[email protected]

Media contact for BTRS:
Meredith simpson
[email protected]
www.billtrust.com


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Margie D. Carlisle

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