M&A: PAR TECHNOLOGY CORP

Form Type: S-3ASR

Filing Date: 2025-01-06

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125000357

Comments: PAR Technology Corporation is filing a registration statement under Form S-3 to offer and resell up to 1,474,937 shares of its common stock held by selling stockholders. These shares were issued as consideration for the company’s recent acquisition of Delaget, LLC. The registration allows selling stockholders to sell these shares at varying prices and does not involve any proceeds to PAR Technology from the sale. The selling stockholders are responsible for all selling commissions and other related costs while PAR Technology covers registration costs. The common stock is listed on the New York Stock Exchange under the symbol 'PAR'.

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Form Type: 8-K

Filing Date: 2025-01-02

Corporate Action: Merger

Type: New

Accession Number: 000070882125000002

Comments: On December 31, 2024, PAR Technology Corporation entered into a Merger Agreement to acquire Delaget, LLC for $132.0 million, with the majority of the payment being in shares of common stock. The transaction aims to enhance PAR's omnichannel solutions and is anticipated to close shortly thereafter. Additionally, on January 2, 2025, PAR issued a press release regarding the merger and included details about unregistered sales of equity securities related to this acquisition. The press release was attached as an exhibit in the filing. In recognition of their performance, PAR’s CEO Savneet Singh was granted 61,282 restricted stock units, subject to vesting conditions.

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