<SEC-DOCUMENT>0000914121-20-004115.txt : 20201117
<SEC-HEADER>0000914121-20-004115.hdr.sgml : 20201117
<ACCEPTANCE-DATETIME>20201117084618
ACCESSION NUMBER:		0000914121-20-004115
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201117
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20201117
DATE AS OF CHANGE:		20201117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			USA TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000896429
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				232679963
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33365
		FILM NUMBER:		201319330

	BUSINESS ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 300
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6109890340

	MAIL ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 300
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	USA ENTERTAINMENT CENTER INC
		DATE OF NAME CHANGE:	19931029
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>us55474173-8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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    <div style="text-align: center; margin-top: 6pt; color: #000000; font-size: 18pt; font-weight: bold;">UNITED STATES<br>
      SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; margin-top: 6pt; font-size: 12pt; font-weight: bold;">WASHINGTON<font style="color: #000000;">, D.C. 20549</font></div>
    <div style="text-align: center; margin-top: 6pt; font-size: 18pt; font-weight: bold;">FORM<font style="color: #000000;"> 8-K</font></div>
    <div style="text-align: center; margin-top: 6pt; font-size: 12pt; font-weight: bold;">CURRENT<font style="color: #000000;"> REPORT</font><br>
      <font style="color: #000000;">PURSUANT TO SECTION 13 OR 15(d) OF THE</font><br>
      <font style="color: #000000;">SECURITIES EXCHANGE ACT OF 1934</font></div>
    <div style="text-align: center;"><br>
      <br>
      Date of Report (date of earliest event reported):<font style="font-weight: bold; color: #000000;"> November 17, 2020</font></div>
    <div style="text-align: center; margin-top: 6pt; color: #000000; font-size: 18pt; font-weight: bold;">USA TECHNOLOGIES, INC.</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
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            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">Pennsylvania</div>
            </div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 26.23%;" colspan="3">
            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">001-33365</div>
            </div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 31.93%;">
            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">232679963</div>
            </div>
          </td>
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          <td style="width: 37.71%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation<br>
              or organization)</div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td style="width: 26.23%; vertical-align: top;" colspan="3">
            <div style="text-align: center;">(Commission<br>
              File Number)</div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.93%; vertical-align: top;">
            <div style="text-align: center;">(IRS employer<br>
              identification number)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.96%; vertical-align: top;" colspan="3">&#160;</td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48.88%; vertical-align: top;" colspan="3">&#160;</td>
        </tr>
        <tr>
          <td style="width: 48.96%; vertical-align: top;" colspan="3">
            <div style="text-align: center; color: #000000; font-weight: bold;">100 Deerfield Lane, Suite 300</div>
          </td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48.88%; vertical-align: top;" colspan="3">&#160;</td>
        </tr>
        <tr>
          <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 48.96%;" colspan="3">
            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">Malvern, Pennsylvania</div>
            </div>
          </td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 48.88%;" colspan="3">
            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">19355</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.96%; vertical-align: top;" colspan="3">
            <div style="text-align: center;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48.88%; vertical-align: top;" colspan="3">
            <div style="text-align: center;">(Zip code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center;">Registrant&#8217;s telephone number, including area code:<font style="font-weight: bold; color: #000000;"> 610-989-0340</font></div>
    <div style="text-align: justify; margin-top: 8pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
    <div style="text-align: justify; margin-top: 8pt;"><font style="font-family: 'Times New Roman',serif; color: rgb(0, 0, 0);">&#9744; </font>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div style="text-align: justify; margin-top: 8pt;"><font style="font-family: 'Times New Roman', serif; font-size: 3pt; color: #000000;"><font style="font-family: 'Times New Roman',serif; font-size: 10pt; color: rgb(0, 0, 0);">&#9744;&#160;</font></font>Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div style="text-align: justify; margin-top: 8pt;"><font style="font-family: 'Times New Roman', serif; font-size: 3pt; color: #000000;"><font style="font-family: 'Times New Roman',serif; font-size: 10pt; color: rgb(0, 0, 0);">&#9744;&#160;</font></font>Pre-commencement







      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div style="text-align: justify; margin-top: 8pt;"><font style="font-family: 'Times New Roman', serif; font-size: 3pt; color: #000000;"><font style="font-family: 'Times New Roman',serif; font-size: 10pt; color: rgb(0, 0, 0);">&#9744;&#160;</font></font>Pre-commencement







      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div style="margin: 8pt 0px; color: #000000; text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
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            <div style="text-align: center; margin-right: 0.75pt; color: #231F20;">Title of each class</div>
          </td>
          <td style="width: 21.24%; vertical-align: bottom; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #231F20;">Trading</div>
            <div style="text-align: center; color: #231F20;">Symbol(s)</div>
          </td>
          <td style="width: 39.7%; vertical-align: bottom; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #231F20;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 39.06%; vertical-align: top; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; margin-right: 0.75pt; color: #000000;">None</div>
          </td>
          <td style="width: 21.24%; vertical-align: top; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #000000;">None</div>
          </td>
          <td style="width: 39.7%; vertical-align: top; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #000000;">None</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; margin-top: 8pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
      of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div style="text-align: justify; margin-top: 8pt;">Emerging growth company<font style="font-family: 'Times New Roman',serif; color: rgb(0, 0, 0);"> &#9744; </font></div>
    <div style="text-align: justify; margin-top: 8pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
      provided pursuant to Section 13(a) of the Exchange Act.<font style="font-family: 'Times New Roman',serif; color: rgb(0, 0, 0);"> &#9744; </font></div>
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    <font style="font-weight: bold;">Item 7.01&#160;&#160;&#160;&#160;&#160;&#160; Regulation FD Disclosure.<font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"><br>
      </font></font>
    <div style="text-align: justify; text-indent: 18pt; color: #000000;"><font style="font-weight: bold;"> </font><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt; color: #000000;">On November 17, 2020, USA Technologies, Inc. (the &#8220;Company&#8221;), issued a press release announcing that The Nasdaq Stock Market LLC approved its application for listing the Company&#8217;s
      common stock on the Nasdaq Global Select Market. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt; color: #000000;">It is expected that the Company&#8217;s common stock will begin trading on the Nasdaq Global Select Market at the opening of trading on or about November 19, 2020 under the symbol &#8220;USAT&#8221;.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt; color: #000000;">The information contained in this Current Report on Form 8-K pursuant to this Item 7.01 is being furnished. This information shall not be deemed to be filed for the purposes of
      Section 18 of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) or otherwise subject to the liabilities of that section or shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the
      Exchange Act, unless specifically identified therein as being incorporated by reference. </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold; color: #000000;"> Item 9.01</font><font style="font-weight: bold; color: #000000;"><font style="font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></font><font style="font-weight: bold; color: #000000;">Financial



        Statements and Exhibits.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: #000000;">(d)&#160;&#160; </font><font style="color: #000000; font-style: italic;">Exhibits</font></div>
    <div><br>
    </div>
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              <div style="text-align: justify; color: #000000; font-family: Arial, Helvetica, sans-serif;"><u>Exhibit No.</u></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify; color: #000000; font-family: Arial, Helvetica, sans-serif;"><u>Description</u></div>
            </td>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify; color: #000000; font-family: Arial, Helvetica, sans-serif;"><a href="us55474173-ex99_1.htm">99.1</a></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify; color: #000000; font-family: Arial, Helvetica, sans-serif;"><a href="us55474173-ex99_1.htm">Press release dated
                  November 17, 2020.</a></div>
            </td>
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    <div style="text-align: center; font-family: Arial,Helvetica,sans-serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    <div style="margin-top: 4.6pt;"><br>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 38%;" colspan="2"><strong>USA TECHNOLOGIES, INC.</strong><br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 38%;" colspan="2" rowspan="1">&#160;</td>
            <td valign="top" style="width: 12%;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"><br>
              </div>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 35%; text-align: left;">/s/ Davina Furnish<br>
            </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Davina Furnish<br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">General Counsel and Secretary<br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">Dated:&#160; November 17, 2020<br>
            </td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>us55474173-ex99_1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
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  <div style="text-align: center;">
    <div style="text-align: right;">Exhibit 99.1<br>
    </div>
    <div><br>
    </div>
    <div style="font-size: 14pt; font-weight: bold;">USA Technologies Announces Approval to Relist on Nasdaq</div>
    <div style="margin: 6pt 0px 0px; color: rgb(64, 64, 64); font-family: Arial,Helvetica,'sans-serif'; font-size: 14pt; font-style: italic;">Company Will Trade Under Its Existing Symbol &#8221;USAT&#8221;</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Arial,Helvetica,sans-serif; text-align: justify;"><font style="font-weight: bold; color: rgb(64, 64, 64);">MALVERN, Pa. &#8211; November 17, 2020 --</font><font style="font-weight: bold; color: rgb(64, 64, 64);">&#160;</font>USA
      Technologies, Inc.&#160;<font style="color: rgb(64, 64, 64);">(OTC: USAT) ("USA Technologies"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today </font><font style="color: rgb(64, 64, 64);">a</font><font style="color: rgb(64, 64, 64);">nnounced that The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) has approved its application for the relisting of the Company&#8217;s common stock on The Nasdaq Global Select Market. The
        Company&#8217;s common stock is expected to be relisted and commence trading on the Nasdaq Global Select Market at the opening of the market on or about Thursday, Nov. 19, 2020, under the ticker symbol &#8220;USAT.&#8221;</font></div>
    <div>
      <div style="margin: 6pt 0px 0px; color: rgb(64, 64, 64); font-family: Arial,Helvetica,'sans-serif'; text-align: justify;">&#8220;Our relisting on Nasdaq is an important milestone in our journey to build a better, stronger Company for our customers,
        employees and stakeholders,&#8221; said Sean Feeney, chief executive officer, USA Technologies. &#8220;This achievement reflects the operational and financial progress we have accomplished in the past six months, the fundamental strengths of our core business,
        and our ability to capitalize on the opportunities that lie ahead.&#8221;</div>
    </div>
    <div style="margin: 6pt 0px 0px; color: rgb(64, 64, 64); font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; text-align: justify;">About USA Technologies, Inc.</div>
    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: justify;">USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail
      market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company&#8217;s enterprise-wide platform is designed to increase consumer engagement and
      sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to
      operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.</div>
    <div>
      <div style="margin: 6px 0px 0px; color: rgb(64, 64, 64); font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; text-align: justify;">Forward-Looking Statements</div>
    </div>
    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: justify;">All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and
      objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as &#8220;may,&#8221; &#8220;could,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221;
      &#8220;seek,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;likely,&#8221; &#8220;will,&#8221; &#8220;would&#8221; and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its
      management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results
      could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to
      divert our cash resources from achieving our business plan; the uncertainties associated with COVID-</div>
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      <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: justify;">19, including its possible effects on USAT&#8217;s operations and the demand for USAT&#8217;s products and services; the ability of USAT to retain key customers
        from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share&#894; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols;
        whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT&#8217;s filings with the&#160;U.S.
        Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law,
        USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no
        inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.</div>
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    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: left;">-- F-USAT</div>
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    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; font-weight: bold; text-align: left;">Media and Investor Relations Contact:</div>
    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: left;">Alicia V. Nieva-Woodgate</div>
    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: left;">USA Technologies</div>
    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: left;">+1 720.445.4220</div>
    <div style="color: rgb(100, 100, 244); font-family: Arial,Helvetica,sans-serif; text-align: left;"><u>anievawoodgate@usatech.com</u></div>
    <div><br>
    </div>
    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; font-weight: bold; text-align: left;">Investor Relations:</div>
    <div style="color: rgb(64, 64, 64); font-family: Arial,Helvetica,sans-serif; text-align: left;">ICR, Inc.</div>
    <div style="font-family: Arial,Helvetica,sans-serif; text-align: left;">USATechIR@icrinc.com</div>
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