LAWSUIT ALERT: A lawsuit filed by a shareholder against BTRS Holdings Inc. (BTRS) in connection with… | New

PHILADELPHIA, Oct. 30, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that a lawsuit has been filed against BTRS Holdings Inc. (“Billtrust” or the “Company”) (NASDAQ: BTRS).

On September 28, 2022, Billtrust announced that it would be acquired by EQT X Fund, a subsidiary of private equity firm EQT. According to the announcement, Billtrust shareholders are expected to receive only $9.50 per share for their shares. In particular, before the announcement of this plan to sell the Company to EQT, several analysts had assigned a target price for BTRS shares above the buyback price.

The complaint alleges that Billtrust and certain of the company’s senior officers and directors violated federal securities laws (including by filing a materially incomplete and misleading proxy statement with the SEC) in connection with the proposed sale of the society.

Billtrust shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]/[email protected]) or online athttps://kaskelalaw.com/cases/btrs-holdings-inc/for more information about this action and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger and acquisition litigation. For more information about Kaskela Law LLC, please visit www.kaskelalaw.com.

CONTACT:

D.Seamus Kaskela, Esq.

Adrienne Bell, Esq.

SARL DE LOI KASKELA

18 Campus Blvd., Suite 100

Newtown Square, Pennsylvania 19073

(484) 229 – 0750

(888) 715-1740

www.kaskelalaw.com

This notice may constitute advertising for attorneys in some jurisdictions.

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