---
schema_version: "secwatch.filing_event.v1"
accession: "0000708821-24-000071"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:20:25.874115+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000708821-24-000071
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000070882124000071/0000708821-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000070882124000071/par-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000708821-24-000071
- JSON: https://secwatch.observer/filing/0000708821-24-000071.json
- Plain text: https://secwatch.observer/filing/0000708821-24-000071.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.