The offering is expected to close on March 22. The company has also given the underwriters an option to buy another 3 million shares. Paya this week said the offering has been priced at $12.25 per share so the proceeds should be slightly higher than the estimate, which was based on the $13.22 per share last sale price for its common stock on March 12. Paya said it does not have specific in mind for the proceeds. The previous prospectus had called for the company to offer up to 17,715,000 shares of common stock. Earlier this month, Paya reported a loss of $500,000 for the year ended December 31, compared to a loss of $900,000 for 2019. Revenue for the most recently completed year was $206 million, an increase of 2.6 percent from $203.4 million the prior yea