{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-054641","form_type":"8-K","ticker":"OOMA","cik":"0001327688","company_name":"OOMA INC","filed_at":"2023-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.633437+00:00","generated_at":"2026-06-09T16:21:59.421588+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ooma acquires 2600Hz for $33M cash; adds ~$7M ARR; funded by new $30M credit line","bullets":["Acquisition of 2600Hz closed Oct 20, 2023 for $33M in cash, subject to adjustments.","2600Hz expected to add ~$7M in annual recurring revenue to Ooma.","Ooma borrowed $18.075M under new $30M revolving credit facility with Citizens Bank to partially fund the deal.","Former 2600Hz employees joining Ooma will receive equity awards valued at $5.85M aggregate under Ooma's 2015 Equity Incentive Plan.","Acquisition adds UCaaS, CPaaS, CCaaS, and AI capabilities; expands Ooma's customer base to service providers and resellers."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-054641","json":"https://secwatch.observer/filing/0000950170-23-054641.json","markdown":"https://secwatch.observer/filing/0000950170-23-054641.md","text":"https://secwatch.observer/filing/0000950170-23-054641.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/0000950170-23-054641-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/ooma-20231020.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T16:21:59.421588+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":"a3e81de672d16e883226efa1a14bcf0bd95c8a3a","claim":"OOMA INC incurred revolving credit of $30 million revolving credit facility with Citizens Bank, N.A. at ABR Loans ... will bear interest at a rate equal to the \"Alternate Base Rate\" .. maturing October 19, 2026.","evidence_excerpt":"On October 20, 2023, the Company entered into a credit agreement (the “Credit Agreement”) with Citizens Bank, N.A., as Administrative Agent (the “Agent”), lender, sole lead arranger and sole book runner. The Credit Agreement provides for an initial $30 million revolving credit facility (the “Revolving Facility”), which includes a subfacility for letters of credit.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/0000950170-23-054641-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$30 million revolving credit facility"},{"label":"Counterparty","value":"Citizens Bank, N.A."},{"label":"Rate","value":"ABR Loans ... will bear interest at a rate equal to the \"Alternate Base Rate\" .."},{"label":"Maturity","value":"October 19, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"785da8eaa4116976738f68a5e8855941af9da0e9","claim":"OOMA INC entered into Credit Agreement with Citizens Bank, N.A. valued at $30 million (effective 2023-10-20).","evidence_excerpt":"On October 20, 2023, the Company entered into a credit agreement (the “Credit Agreement”) with Citizens Bank, N.A., as Administrative Agent (the “Agent”), lender, sole lead arranger and sole book runner.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/0000950170-23-054641-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citizens Bank, N.A."},{"label":"Value","value":"$30 million"},{"label":"Effective","value":"2023-10-20"}],"fact_type":"material_agreement"},{"claim_id":"c32c9f0d8a3befe242ad09fbf8dc3744d29415ca","claim":"OOMA INC entered into Agreement and Plan of Merger with 2600hz, Inc. valued at $33 million (effective 2023-10-20).","evidence_excerpt":"On October 20, 2023, Ooma, Inc., a Delaware corporation (the “Company”), and Geneva Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with 2600hz, Inc., a Delaware corporation (“2600hz”), and Fortis Advisors LLC, a Delaware limited liability company, as representative of certain securityholders of 2600hz.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/0000950170-23-054641-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"2600hz, Inc."},{"label":"Value","value":"$33 million"},{"label":"Effective","value":"2023-10-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}