Ticker Launch
Sign inTry it free

SPAC · Merger completed

South Mountain Merger Corp.

Business combination with Billtrust

South Mountain Merger Corp. is a blank-check company (SPAC) that raised $225M in its initial public offering on Jun 21, 2019, listing on Nasdaq Capital Market. It completed its business combination with Billtrust on Jan 12, 2021; the combined company is BTRS Holdings Inc. (BTRS). Citigroup led the IPO. Paul, Weiss advised the SPAC and Kirkland & Ellis advised the underwriters on the IPO.

Billtrust provides a cloud-based, integrated solution that automates credit decisioning and monitoring, invoice delivery, payment capture, cash application and collections. Its customers use it to improve efficiency and speed up cash flow across the order-to-cash process.

Status
Merger completed
IPO date
Jun 21, 2019
IPO size
$225M
IPO exchange
Nasdaq Capital Market
Target
Billtrust (Legacy Billtrust)
Announced
Oct 19, 2020
Closed
Jan 12, 2021
Combined company
BTRS Holdings Inc. (BTRS)
IPO underwriters
Citigroup
SPAC counsel (IPO)
Paul, Weiss
Underwriters' counsel (IPO)
Kirkland & Ellis

More on this SPAC for subscribers

Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.

Try it free for 7 daysOpen in Ticker Launch

Then $99/month or $999/year. Cancel anytime.

Filings

Other deSPACs that closed in 2021