Press Release January 13, 2021

Billtrust And South Mountain Merger Corp. Complete Business Combination

The Technology, Fintech, and Special Purpose Acquisition Companies (SPACs) teams advised existing investors in Billtrust on the company’s business combination with South Mountain Merger Corp., a special purpose acquisition company.

Upon completion of the business combination, South Mountain changed its name to “BTRS Holdings Inc.,” and its Class 1 common stock and warrants began trading on the Nasdaq Global Select Market and the Nasdaq Capital Market under the symbols “BTRS” and “BTRSW,” respectively.

Billtrust is a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce.

The Goodwin team was led by David Van Horne, Michael Patrone, James Xu, Simone Greenspan, and John Mei, with invaluable guidance from Jocelyn Arel.

For more details, read the press release.