Par Technology Swaps $17.1 Million Notes for 398,650 Shares in Private Exchange

Reuters01-15
Par Technology Swaps $17.1 Million Notes for 398,650 Shares in Private Exchange

Par Technology Corporation has entered into exchange agreements with certain holders of its outstanding 2.875% Convertible Senior Notes due 2026. Under these agreements, approximately $17.1 million aggregate principal amount of the notes will be exchanged for about 398,650 shares of the company’s common stock and approximately $134,000 in cash for accrued and unpaid interest. The transaction is expected to close on January 23, 2026, pending customary closing conditions. The exchange is being conducted as an unregistered sale of equity securities, relying on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933. Following the exchange, roughly $2.9 million principal amount of the notes will remain outstanding. The company will not receive any cash proceeds from this transaction.

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