South Mountain Merger in an amended prospectus today disclosed that a shareholder vote on its proposed merger iwrth Billtrust will not be held until 2021. In its last prospectus filing the SPAC indicated a vote would be held by the end of this year.
Billtrust provides B2B accounts receivable solutions. If shareholders approve, the transaction would give Billtrust pro forma equity of $1.5 billion. Read more.
South Mountain Vote on Billtrust Deal Pushed Back to 2021
