Olo faces three stockholder lawsuits over Thoma Bravo merger; voluntarily supplements proxy

Olo Inc.

Complaints filed August 18-19, 2025 in NY state courts alleging misrepresentations in the definitive proxy statement for Olo's merger with Thoma Bravo affiliates.
Company denies merit but voluntarily adds supplemental disclosures to proxy, including valuation details from Goldman Sachs (DCF range $8.02-$11.80 per share).
Supplement includes background on Board discussions of conflicts of interest (CEO Noah Glass, Raine, Raqtinda) and updated financial projections.
Also received demand letters from stockholders seeking additional disclosures; company will not disclose further filings absent new allegations.
Merger consideration remains unchanged at $12.00 per share; suits seek injunction, rescission, and unspecified damages.

item 8.01

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