USA Technologies Prices Public Offering

7/20/17

MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies, Inc. (NASDAQ:USAT), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today announced that on July 19, 2017, it priced its underwritten public offering of 8,333,333 shares of its common stock at a public offering price of $4.50 per share. The gross proceeds to USAT from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $37.5 million. In addition, USAT has granted the underwriters a 30-day option to purchase up to an additional 1,249,999 shares of common stock from USAT on the same terms and conditions as the initial shares sold to the underwriters. The offering is expected to close on July 25, 2017, subject to customary closing conditions.

William Blair & Company, L.L.C. is acting as the sole book-running manager and Craig-Hallum Capital Group LLC, Northland Capital Markets and Barrington Research Associates, Inc. are acting as co-managers for the offering.

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.

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