On July the 20th, the premiere payment technology service provider of integrated cashless transactions, USA Technologies (NASDAQ: USAT), announced the pricing of its underwritten public offering. The public offering will include 8,333,333 shares of the company’s common stock. The price set for each share is $4.50. The gross proceeds after underwriting discounts and commissions is expected to be $37.5 million. USA Technologies has given the underwriters a 30-day window to purchase an additional 1,249,999 shares of common stock should they choose to do so.

These shares can be acquired at the same price and conditions as the underwritten public offering. USA Technologies expects the offering to close on July the 25th of this year. William Blair & Company LLC is acting as the sole book-running manager, while Barrington Research Associates, Craig-Hallum Capital Group LLC, and Northland Capital Markets are acting as co-managers.

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