BTRS HOLDINGS (BTRS) INVESTOR NOTICE - Andrews & Springer LLC Is Seeking More Cash for Shareholders of BTRS Holdings Inc.

WILMINGTON, Del., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of BTRS Holding, Inc. BTRS (formerly known as Billtrust) ("Billtrust" or the "Company") relating to the sale of the Company to EQT Private Equity ("EQT"). On September 28, 2022, the two parties announced the signing of a definitive merger agreement pursuant to which EQT will acquire Billtrust in a merger worth $1.7 billion. As a result of the merger, Billtrust shareholders are only anticipated to receive $9.50 per share in cash in exchange for each share of Billtrust.

Andrews & Springer's investigation so far has revealed that the consideration Billtrust shareholders are expected to receive is fair. While the Company claims that shareholders will receive a premium for their shares, the merger price is 26% less than the $13.00 per share price target set by Canaccord Genuity in August 2022, just one month prior to the announcement of the merger. The consideration is also less than Billtrust's 52-week high of $11.01 per share. Our Firm's investigation has also discovered that the process leading up to the announcement of the merger appears to have significant conflicts of interest, thus making the process and consideration unfair.

If you own shares of Billtrust and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/btrs-merger-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.