Cardlytics agrees to sell Bridg platform to PAR Technology for up to $30M in stock

Cardlytics, Inc.

PAR acquires all Bridg platform assets; purchase consideration up to $30M in PAR common stock.
Base price $27.5M plus adjustments for new customer contracts; capped at $30M.
Closing subject to customary conditions; termination date March 24, 2026.
Non-compete and non-solicitation covenant for five years post-closing.
Transaction approved by Cardlytics board.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cardlytics, Inc. entered into Purchase Agreement with PAR Technology Corporation and DB Sub, LLC valued at $27,500,000 (effective 2026-01-23).

Action: entry
Agreement: asset purchase
Counterparty: PAR Technology Corporation and DB Sub, LLC
Value: $27,500,000
Effective: 2026-01-23

Exact text from the filing

On January 23, 2026 (the “Signing Date”), Cardlytics, Inc. (the “Company”), PAR Technology Corporation (“PAR”) and DB Sub, LLC, an indirectly wholly owned subsidiary of PAR (“Buyer”), entered into an asset purchase agreement (the “Purchase Agreement”), pursuant to which Buyer agreed to acquire all of the Company’s assets, properties and rights primarily related to, or primarily used in, its Bridg platform (the “Purchased Assets” and the sale by the Company thereof, the “Bridg Sale”), subject to certain exceptions.

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Source: SEC EDGAR

accession 0001666071-26-000003

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