USA Technologies, Inc., a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed underwritten public offering of its common stock consisting of approximately $34.5 million of shares to be sold by USAT. In addition, USAT expects to grant the underwriters a 30-day option to purchase up to an additional approximately $5.2 million in shares of common stock from the Company.

William Blair & Company, L.L.C. is acting as sole book-running manager for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The offering of these securities will be made only by means of a prospectus, copies of which, when available, may be obtained from William Blair & Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, or by calling (800) 621-0867 or by e-mail at prospectus@williamblair.com.

This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.

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