{"schema_version":"secwatch.filing_event.v1","accession":"0000708821-26-000004","form_type":"8-K","ticker":"PAR","cik":"0000708821","company_name":"PAR TECHNOLOGY CORP","filed_at":"2026-01-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.507732+00:00","generated_at":"2026-05-16T10:15:34.904131+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PAR exchanges ~$17.1M of 2.875% notes due 2026 for ~398,650 common shares","bullets":["Exchanged ~$17.1M principal of 2.875% Convertible Notes due 2026 for ~398,650 shares of common stock plus ~$134k accrued interest.","Retired ~85.5% of total $20M convertible note principal; only $2.9M remains outstanding.","Expected close on January 23, 2026; no cash proceeds received by the company.","Exchange reduces debt and eliminates future interest payments on retired notes; dilutes existing shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0000708821-26-000004","json":"https://secwatch.observer/filing/0000708821-26-000004.json","markdown":"https://secwatch.observer/filing/0000708821-26-000004.md","text":"https://secwatch.observer/filing/0000708821-26-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/708821/000070882126000004/0000708821-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/708821/000070882126000004/par-20260114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:15:34.904131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"637a9069570b1107daab93da7f8d8f872a4b4ec5","claim":"PAR TECHNOLOGY CORP entered into Exchange Agreements with certain holders of its outstanding 2.875% Convertible Senior Notes due 2026 valued at approximately $17.1 million aggregate principal amount (effective 2026-01-14).","evidence_excerpt":"On January 14, 2026, PAR Technology Corporation (the “Company” or “PAR”) entered into separate and individually negotiated transactions (the “Exchange Agreements”) with certain holders of its outstanding 2.875% Convertible Senior Notes due 2026 (the “Notes”) to exchange approximately $17.1 million aggregate principal amount of the Notes","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/708821/000070882126000004/0000708821-26-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain holders of its outstanding 2.875% Convertible Senior Notes due 2026"},{"label":"Value","value":"approximately $17.1 million aggregate principal amount"},{"label":"Effective","value":"2026-01-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}