USA Technologies, Inc. Files Form S-1 Registration Statement for Proposed Public Offering
July 07 2017 - 5:45PM
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 $34.5 million of
shares to be sold by USAT. In addition, USAT expects to grant the
underwriters a 30-day option to purchase up to an additional
approximately $5.2 million in shares of common stock from the
Company.
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) 621-0867 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® Connect, ePort® Interactive, QuickConnect,
an API Web service for developers, and MORE., a customizable
loyalty program. USA Technologies has 73 United States
and foreign patents in force; and has agreements with
Verizon, Visa, Chase Paymentech and customers such as Compass,
AMI Entertainment and others. For more information, please visit
the website at www.usatech.com.
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 timing, size and nature of the proposed public offering. The
inclusion of forward-looking statements should not be regarded as a
representation by USAT that any of our 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 our 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 we undertake 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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Investor Contact:The Blueshirt GroupMike Bishop, +1
415-217-4968mike@blueshirtgroup.com
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