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BTRS Holdings Inc.

Completed deSPAC · 1 SPAC · 1 closed · 0 announced

South Mountain Merger Corp, trading under the ticker SMMC and sponsored by South Mountain Capital, is a blank-check company that completed its business combination with BTRS Holdings Inc., a fintech-focused provider of B2B accounts receivable automation and payment solutions. The SPAC conducted its initial public offering in 2020 and announced its combination with BTRS Holdings on September 28, 2022, with the transaction subsequently reaching a closed status. BTRS Holdings, widely known by its Billtrust brand, operates within the financial technology sector, serving enterprise clients with cloud-based order-to-cash solutions. Sign up at SpacDesk for full deal timelines, filing history, and sponsor data on SMMC and hundreds of other SPAC transactions.

Announced
2022-09-28
Closed
2021-01-14
PIPE Raised
$100–250M
Industry
Fintech

SPAC Counterparty (1)

SymbolIssuerStatusAnnouncedCloseIPO SizePIPESponsor
SMMCSOUTH MTN MRGRClosed2022-09-282021-01-14$250.0M$200.0MBlueCrest Capital Management