BTRS Holdings Inc. (Nasdaq: BTRS) emerged from the combination of South Mountain Merger Corp., a blank-check company sponsored by South Mountain Partners, with Billtrust, a B2B accounts receivable automation and order-to-cash software provider. South Mountain Merger Corp. completed its SPAC IPO in 2020, targeting the financial technology sector, and announced its definitive merger agreement with Billtrust in October 2020; the transaction closed in January 2021. The November 2020 10-Q filing, accession number 0001140361-20-025661, reflects the company's reporting during the pendency of that business combination. BTRS subsequently traded on Nasdaq as a public fintech company until EQT AB acquired Billtrust and took it private in 2023. For complete filing history, deal terms, and sponsor profile data on BTRS Holdings, sign up for full access at SpacDesk.