m_and_a
confidence high
sentiment neutral
materiality 1.00
Olo Inc. acquired by Thoma Bravo for $10.25 per share, aggregate ~$1.75B
Olo Inc.
- All outstanding shares converted to $10.25 cash; total equity value approx $1.75B.
- Class A common stock halted and will be delisted from NYSE; company to deregister.
- Board resigned: Noah Glass, David Cancel, Brandon Gardner, David Frankel, Lee Kirkpatrick, Daniel Meyer, Colin Neville, Linda Rottenberg, Zuhairah Washington.
- New directors Hudson Smith Jr. and Peter Hernandez appointed; CEO Noah Glass stays as officer of surviving corporation.
- Transaction bonuses of $400,000 each paid to Peter Benevides, Joanna Lambert, and Robert Morvillo.
item 1.02item 2.01item 3.01item 3.03item 5.01item 5.02item 5.03item 9.01