PAR Technology completes acquisition of TASK Group Holdings for ~$131.5M cash plus stock

PAR TECHNOLOGY CORP

Total cash consideration of approximately US$131.5M paid; 2,163,393 shares of PAR common stock issued.
Consideration per TASK share: AUD$0.81 cash or 0.015 PAR shares (max 50% stock per shareholder).
Cash financed from on-hand funds and a new US$90M term loan under amended credit agreement.
Scheme approved by Supreme Court of New South Wales on July 9, 2024 (Sydney time).
Shares issued in reliance on Section 3(a)(10) exemption from Securities Act.

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