Source: Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY), a leading provider of payments and invoice automation software and services, today announced that it has filed with the Securities and Exchange Commission a prospectus supplement relating to an underwritten public offering of 4,000,000 shares of common stock, consisting of 2,750,000 shares offered by Bottomline and 1,250,000 shares offered by selling stockholders.
Bottomline and the selling stockholders have granted to the underwriters an option to purchase up to an additional 350,000 and 250,000 shares, respectively, within 30 days after the offering to cover over-allotments incurred in the offering, if any. Bottomline will not receive any proceeds from the sale of shares by the selling stockholders.
Needham & Company, LLC, Adams Harkness, Inc., A.G. Edwards and Thomas Weisel Partners LLC are the underwriters for the offering.