Billtrust, a B2B accounts receivable automation and integrated B2B payments provider, and South Mountain Merger announced the completion of their business combination. The business combination was approved by South Mountain’s stockholders yesterday.
The transaction gives Billtrust pro forma equity of $1.5 billion.
South Mountain changed its name to BTRS Holdings. Class 1 common stock and warrants are expected to begin trading today on the Nasdaq Global Select Market and the Nasdaq Capital Market under BTRS and BTRSW, respectively. Read more.
