MALVERN, Pa.--(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 firstname.lastname@example.org.
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.
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
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Source: USA Technologies, Inc.
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