---
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"
generated_at: "2026-06-09T16:21:59.421588+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ooma acquires 2600Hz for $33M cash; adds ~$7M ARR; funded by new $30M credit line

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054641
- JSON: https://secwatch.observer/filing/0000950170-23-054641.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054641.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $30 million revolving credit facility
  - Counterparty: Citizens Bank, N.A.
  - Rate: ABR Loans ... will bear interest at a rate equal to the "Alternate Base Rate" ..
  - Maturity: October 19, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/0000950170-23-054641-index.htm
- Material Agreements
  OOMA INC entered into Credit Agreement with Citizens Bank, N.A. valued at $30 million (effective 2023-10-20).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A.
  - Value: $30 million
  - Effective: 2023-10-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/0000950170-23-054641-index.htm
- Material Agreements
  OOMA INC entered into Agreement and Plan of Merger with 2600hz, Inc. valued at $33 million (effective 2023-10-20).
  - Action: entry
  - Agreement: merger
  - Counterparty: 2600hz, Inc.
  - Value: $33 million
  - Effective: 2023-10-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1327688/000095017023054641/0000950170-23-054641-index.htm

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