---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-012497"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:10:45.790078+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PAR Tech acquires Stuzo for ~$190M, agrees to buy TASK Group for ~$206M; raises $200M in private placement

## Summary
- Completed acquisition of Stuzo for ~$190M ($170M cash + 441,598 PAR shares); Stuzo serves convenience store and fuel retailer market.
- Entered agreement to acquire TASK Group for implied ~$206M (AUD$0.81 cash or 0.015 PAR shares per TASK share); close expected Q3 2024.
- Raised ~$200M via private placement of 5.17M shares at $38.65/sh from T. Rowe Price, ADW Capital, Voss Capital, and others.
- Acquisitions expected to add over $80M in ARR and over $20M in Adjusted EBITDA based on trailing twelve-month actuals.
- TASK acquisition subject to shareholder, court, and regulatory approvals; termination fee of AUD$1.3M each way applies.

## SEC filing metadata
- accession: 0001140361-24-012497
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000114036124012497/0001140361-24-012497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000114036124012497/ef20023784_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-012497
- JSON: https://secwatch.observer/filing/0001140361-24-012497.json
- Plain text: https://secwatch.observer/filing/0001140361-24-012497.txt

## Key facts
- Material Agreements
  PAR TECHNOLOGY CORP entered into Purchase Agreement with Longshore Capital Fund I, L.P. valued at $170 million in cash and 441,598 common shares (effective 2024-03-08).
  - Action: entry
  - Agreement: merger
  - Counterparty: Longshore Capital Fund I, L.P.
  - Value: $170 million in cash and 441,598 common shares
  - Effective: 2024-03-08
  source text: On March 8, 2024 (the “ Signing/Closing Date ”), PAR Technology Corporation, a Delaware corporation (“ PAR ”), and ParTech, Inc., a New York corporation (the “ ParTech ”) and a wholly owned subsidiary of PAR, entered into a Purchase Agreement (the “ Purchase Agreement ”) with the persons identified as Company Sellers on the signature pages thereto, Longshore Capital Fund I, L.P., a Delaware limited partnership (collectively, the “ Stuzo Sellers ”), and Longshore Capital Management, LLC, a Delaware limited liability company, in its capacity as the Seller Representative.
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000114036124012497/0001140361-24-012497-index.htm
- Material Agreements
  PAR TECHNOLOGY CORP entered into Scheme Implementation Agreement with TASK Group Holdings Limited valued at AUD$0.81 per TASK Share or 0.015 shares of PAR common stock per TASK Share (effective 2024-03-08).
  - Action: entry
  - Agreement: merger
  - Counterparty: TASK Group Holdings Limited
  - Value: AUD$0.81 per TASK Share or 0.015 shares of PAR common stock per TASK Share
  - Effective: 2024-03-08
  source text: On March 8, 2024 (Eastern Standard Time) / March 9, 2024 (Sydney Time), PAR and TASK Group Holdings Limited, an Australian public company limited by shares and listed on the Australian Securities Exchange (“TASK”), entered into a Scheme Implementation Agreement (the “ SIA ”), pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, PAR or its nominee (“ PAR Acquiror ”) will acquire all TASK ordinary shares (the “ TASK Shares ”) pursuant to a court-approved scheme of arrangement under Part 5.1 of Australia’s Corporations Act 2001 (Cth) (“ Corporations Act ”) (the “ TASK Scheme ” and such acquisition, the “ TASK Transaction ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000114036124012497/0001140361-24-012497-index.htm

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