USA Technologies and Selling Shareholders Sell Shares in Offering at $11.00 Each

USA Technologies (USAT), a payment technology company, has closed a public offering of more than 6.3 million shares of common stock sold by the company and 553,187 shares sold by certain shareholders.

The shares were sold at a public offering price of $11.00 per share. Underwriters fully exercised their option to purchase 897,866 additional shares from the company.

USA Technologies raised total proceeds of $69.6 million and selling shareholders raised $6.1 million.

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