Special Meeting of
Stockholders on October 15, 2020 to Vote on Proposed
Transaction
Paya, a leading integrated payments and commerce solution
provider, and FinTech Acquisition Corp. III (NASDAQ: FTAC)
(“FinTech III”), a special purpose acquisition company, announced
today that FinTech Acquisition Corp. III Parent Corp. has filed a
Form S-4 with the U.S. Securities and Exchange Commission (“SEC”),
which includes FinTech III’s definitive proxy statement /
prospectus in connection with the proposed transaction between
FinTech III and Paya. FinTech III will commence mailing the
definitive proxy materials to FinTech III stockholders of record on
or about September 25, 2020. The filing can be accessed by
searching for FinTech Acquisition Corp. III Parent Corp. on the
SEC’s website at https://www.sec.gov/edgar.shtml or directly at
https://www.sec.gov/cgi-bin/browse-edgar?CIK=1819881&owner=exclude.
FinTech III has scheduled a special meeting of its stockholders
(the “Special Meeting”) to vote on the proposed transaction with
Paya and related matters for October 15, 2020 at 10:00 am ET. The
Special Meeting will be completely virtual and conducted via live
webcast. Shareholders of record as of September 4, 2020, will be
entitled to vote at the special meeting.
As previously announced on August 3, 2020, upon completion of
the transaction the combined company (the “Company”) will operate
as Paya and will be listed on the NASDAQ Capital Market under the
new symbol “PAYA”. Paya’s management team, led by CEO Jeff Hack,
will continue to execute the growth strategy of the Company. Paya’s
existing majority equity holder GTCR, a leading private equity
firm, will remain the Company’s largest stockholder. The
transaction is expected to close in the fourth quarter of 2020,
pending FinTech III stockholder and regulatory approval.
About Paya
Paya is a leading provider of integrated payment and
frictionless commerce solutions that help customers accept and make
payments, expedite receipt of money, and increase operating
efficiencies. The company processes over $30 billion of annual
payment volume across credit/debit card, ACH, and check, making it
a top 20 provider of payment processing in the US and #6 overall in
e-Commerce. Paya serves more than 100,000 customers through over
2,000 key distribution partners focused on targeted, high growth
verticals such as healthcare, education, non-profit, government,
utilities, and other B2B goods and services. The business has built
its foundation on offering robust integrations into front-end CRM
and back-end accounting systems to enhance customer experience and
workflow. Paya is headquartered in Atlanta, GA, with offices in
Reston, VA, Fort Walton Beach, FL, Dayton, OH, and Mt. Vernon,
OH.
About FinTech Acquisition Corp III
FinTech Acquisition Corp. III is a special purpose acquisition
company formed for the purpose of entering into a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses, with a
focus on the financial technology industry. The company raised
$345,000,000 in its initial public offering in November 2018 and is
listed on the NASDAQ Capital Market under the symbol “FTAC”.
About GTCR
Founded in 1980, GTCR is a leading private equity firm focused
on investing in growth companies in the Financial Services &
Technology, Healthcare, Technology, Media & Telecommunications,
and Growth Business Services industries. The Chicago-based firm
pioneered The Leaders Strategy™ – finding and partnering with
management leaders in core domains to identify, acquire and build
market-leading companies through transformational acquisitions and
organic growth. Since its inception, GTCR has invested more than
$18 billion in over 200 companies.
Forward Looking Statements
This document includes “forward looking statements” within the
meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward looking statements include estimated financial information.
Such forward looking statements with respect to revenues, earnings,
performance, strategies, prospects and other aspects of the
businesses of FinTech Acquisition Corp. III, Paya, Inc. or the
combined company after completion of the Business Combination are
based on current expectations that are subject to risks and
uncertainties. A number of factors could cause actual results or
outcomes to differ materially from those indicated by such forward
looking statements. These factors include, but are not limited to:
(1) the occurrence of any event, change or other circumstances that
could give rise to the termination of the Transaction Agreement and
the proposed business combination contemplated thereby; (2) the
inability to complete the transactions contemplated by the
Transaction Agreement due to the failure to obtain approval of the
stockholders of FinTech Acquisition Corp. III or other conditions
to closing in the Transaction Agreement; (3) the ability to meet
NASDAQ’s listing standards following the consummation of the
transactions contemplated by the Transaction Agreement; (4) the
risk that the proposed transaction disrupts current plans and
operations of Paya, Inc. as a result of the announcement and
consummation of the transactions described therein; (5) the ability
to recognize the anticipated benefits of the proposed Business
Combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; (6) costs
related to the proposed Business Combination; (7) changes in
applicable laws or regulations; (8) the possibility that Paya, Inc.
may be adversely affected by other economic, business, and/or
competitive factors; and (9) other risks and uncertainties
indicated from time to time in other documents filed or to be filed
with the SEC by FinTech Acquisition Corp. III. You are cautioned
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made. FinTech Acquisition Corp. III
and Paya, Inc. undertake no commitment to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
Additional Information
In connection with the proposed Business Combination between
Paya, Inc. and FinTech Acquisition Corp. III, FinTech Acquisition
Corp. III has filed with the SEC a definitive proxy statement /
prospectus and will mail the definitive proxy statement /
prospectus and other relevant documentation to FinTech Acquisition
Corp. III stockholders. This document does not contain all the
information that should be considered concerning the proposed
Business Combination. It is not intended to form the basis of any
investment decision or any other decision in respect to the
proposed Business Combination. FinTech Acquisition Corp. III
stockholders and other interested persons are advised to read the
definitive proxy statement / prospectus in connection with FinTech
Acquisition Corp. III’s solicitation of proxies for the special
meeting to be held to approve the transactions contemplated by the
proposed Business Combination because these materials contain
important information about Paya, Inc., FinTech Acquisition Corp.
III and the proposed transactions. The definitive proxy statement /
prospectus will be mailed to FinTech Acquisition Corp. III
stockholders as of September 4, 2020. Stockholders are able to
obtain a copy of the definitive proxy statement / prospectus,
without charge, at the SEC’s website at http://sec.gov or by
directing a request to: James J. McEntee, III, President and Chief
Financial Officer, FinTech Acquisition Corp. III, 2929 Arch Street,
Suite 1703, Philadelphia, Pennsylvania 19104.
This document shall not constitute a solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the proposed Business Combination.
Participants in the Solicitation
FinTech Acquisition Corp. III and its directors and officers may
be deemed participants in the solicitation of proxies of FinTech
Acquisition Corp. III stockholders in connection with the proposed
business combination. FinTech Acquisition Corp. III stockholders
and other interested persons may obtain, without charge, more
detailed information regarding the directors and officers of
FinTech Acquisition Corp. III in FinTech Acquisition Corp. III’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2019.
Information regarding the persons who may, under SEC rules, be
deemed participants in the solicitation of proxies to FinTech
Acquisition Corp. III stockholders in connection with the proposed
transaction are set forth in the proxy statement / prospectus for
the transaction. Additional information regarding the interests of
participants in the solicitation of proxies in connection with the
proposed transaction are included in the proxy statement /
prospectus that FinTech Acquisition Corp. III has filed with the
SEC.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200923005902/en/
Investor Inquiries William Maina 646-277-1236
Paya-IR@icrinc.com
Media Inquiries Jack Murphy 646-677-1834
Paya-PR@icrinc.com
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