USA Technologies, Inc. Files Registration Statement on Form S-1 for Proposed Public Offering
10 May 2018 - 8:15AM
Business Wire
USA Technologies, Inc. (NASDAQ:USAT) (“USAT”), a premier payment
technology service provider of integrated cashless and mobile
transactions in the self-service retail market, today filed a
registration statement on Form S-1 with the U.S. Securities and
Exchange Commission for a proposed underwritten public offering of
its common stock consisting of approximately $50.0 million of
shares to be sold by USAT and up to 553,187 shares to be sold by
certain selling shareholders. In addition, USAT expects to grant
the underwriter a 30-day option to purchase up to an additional 15%
of the total shares sold in the offering to cover
over-allotments.
William Blair & Company, L.L.C. is acting as sole
book-running manager for the offering.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective. The offering of these securities will be made
only by means of a prospectus, copies of which, when available, may
be obtained from William Blair & Company, L.L.C., Attn:
Prospectus Department, 150 North Riverside Plaza, Chicago, IL
60606, or by calling (800) 621-0687 or by e-mail at
prospectus@williamblair.com.
This press release is not an offer for sale of the securities in
the United States or in any other jurisdiction where such offer is
prohibited, and such securities may not be offered or sold in the
United States absent registration or an exemption from registration
under the United States Securities Act of 1933, as amended.
About USA Technologies
USA Technologies, Inc. is a premier payment technology service
provider of integrated cashless and mobile transactions in the
self-service retail market. The company also provides a broad line
of cashless acceptance technologies including its NFC-ready ePort®
G-series, ePort Mobile™ for customers on the go, ePort®
Interactive, and QuickConnect, an API Web service for developers.
Through its recent acquisition of Cantaloupe, the company also
offers logistics, dynamic route scheduling, automated pre-kitting,
responsive merchandising, inventory management, warehouse and
accounting management solutions. Cantaloupe is a premier provider
of cloud and mobile solutions for vending, micro markets, and
office coffee services.
Forward-Looking Statements
USAT cautions you that statements in this press release that are
not a description of historical facts are forward- looking
statements. These statements are based on the company’s current
beliefs and expectations. These forward-looking statements include
statements regarding the filing of the registration statement and
the proposed public offering. The inclusion of forward-looking
statements should not be regarded as a representation by USAT that
any of its plans will be achieved. Actual results may differ from
those set forth in this press release due to conditions affecting
the capital markets, general economic, industry, or political
conditions, and the satisfaction of customary closing conditions
related to the proposed public offering, and other risks described
in our prior press releases and in USAT’s filings with the
Securities and Exchange Commission, including under the heading
“Risk Factors” in the registration statement. You are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date hereof, and USAT undertakes no obligation
to revise or update this press release to reflect events or
circumstances after the date hereof. All forward-looking statements
are qualified in their entirety by this cautionary statement, which
is made under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
F-USAT
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version on businesswire.com: https://www.businesswire.com/news/home/20180509006588/en/
The Blueshirt GroupInvestors:Monica Gould, +1
212-871-3927monica@blueshirtgroup.comorLindsay Savarese, +1
212-331-8417lindsay@blueshirtgroup.com
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