secwatch.observer — SEC 8-K summary
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Issuer:     BTRS Holdings Inc. (—)
CIK:        0001774155
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0000950103-22-021095
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BTRS Holdings (Billtrust) acquired by EQT Private Equity for $9.50/share
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- Acquisition completed Dec 16, 2022; shareholders receive $9.50 per share in cash, stock delisted from Nasdaq.
- Flint A. Lane (4.6M shares), FL GRATs (1.96M), and Bain affiliates (6.6M) rolled shares for equity interests.
- Board resigned; Sunil Rajasekar appointed sole director; Steven Pinado named Secretary; all prior officers resigned.
- Financing from EQT equity and debt commitments from Sixth Street, Owl Rock, and Monroe Capital.
- J.P. Morgan advised Billtrust; Evercore advised EQT; Davis Polk and Weil Gotshal legal counsel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1774155/000095010322021095/0000950103-22-021095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1774155/000095010322021095/dp185721_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-021095

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