Par Technology Corporation
Par Technology Corporation
19/07/2024 | Press release | Distributed by Public on 19/07/2024 10:31
Material Event Form 8 K
| Item 3.02 |
Unregistered Sales of Equity Securities.
|
On July 18, 2024 (New York Time)/July 19, 2024 (Sydney Time) (the "Closing Date"), PAR Technology Corporation ("PAR Technology") completed its acquisition of TASK Group Holdings Limited ("TASK") pursuant to a court-approved scheme of arrangement (the "TASK Scheme" and such acquisition, the "TASK Transaction"). On July 9, 2024 (Sydney Time), the Supreme Court of New South Wales, Australia, accepted that the TASK Scheme was fair and reasonable and approved the scheme of arrangement. The 2,163,393 shares of PAR Technology common stock issued as TASK Share Consideration (defined in Item 8.01 below) were issued in reliance on an exemption from registration under the Securities Act of 1933, as amended, pursuant to Section 3(a)(10) thereof. The information set forth below in Item 8.01 of this Current Report on Form 8-K ("this Form 8-K") is incorporated herein by reference. Unless otherwise noted, all dates referenced in this Form 8-K are New York Time.