South Mountain Merger Corp (ticker: BTRS), sponsored by South Mountain Equity Partners, completed its SPAC initial public offering in 2020 with a focus on the financial technology and business payments sector. The vehicle merged with Billtrust, a New Jersey-based B2B order-to-cash and accounts-receivable automation company, forming BTRS Holdings Inc. in early 2021. In November 2022, the company filed a DEFM14A — a definitive proxy statement — in connection with a proposed take-private acquisition by EQT Partners, marking a subsequent transaction chapter after the original SPAC combination. The filing reflects the active post-merger lifecycle common among fintech-sector SPAC vehicles. Sign up at SpacDesk for full filing history, sponsor data, and deal timelines on BTRS and thousands of other SPAC transactions.