Bleichmar Fonti & Auld LLP Investigates Olo Inc. Acquisition by Thoma Bravo

Bleichmar Fonti & Auld LLP is investigating Olo Inc. and its directors, executive officers, and CEO for potential breaches of fiduciary duties in the sale of Olo to Thoma Bravo for $10.25 per share. The investigation focuses on whether the deal is fair and whether shareholders are being treated equitably. Shareholders are encouraged to visit for more information.

New York, New York — Leading securities law firm Bleichmar Fonti & Auld LLP has initiated an investigation into Olo Inc. (NYSE: OLO) and its board of directors, executive officers, and CEO Noah H. Glass. The investigation centers on potential breaches of fiduciary duties related to the company's pending sale to Thoma Bravo Discover Fund IV, L.P. (Thoma Bravo) for $10.25 per share.

Olo Inc., a SaaS platform for restaurants, powers digital ordering, delivery, engagement, and payments. The company's common stock is divided into Class A and Class B shares, with Class B shares holding ten votes per share compared to one vote for Class A shares. As of December 31, 2024, directors and executive officers collectively owned approximately 82% of the voting power of outstanding capital stock.

On July 3, 2025, Olo announced a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing the company at approximately $2 billion in equity value. Shareholders will receive $10.25 per share, representing a 65% premium over the unaffected share price of $6.20 as of April 30, 2025.

The investigation by Bleichmar Fonti & Auld LLP aims to determine if Olo's board of directors, executive officers, and CEO Noah H. Glass breached their fiduciary duties to shareholders in connection with the merger. Shareholders are encouraged to visit [1] for more information and to submit their information to the firm.

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by various prestigious legal directories and has recovered significant sums in notable cases, including over $900 million from Tesla, Inc.'s Board of Directors.

Shareholders are advised to contact BFA Law or Kaskela Law LLC for further information and to explore their legal rights and options regarding the merger. Kaskela Law LLC has also launched an investigation into whether the buyout price undervalues Olo's shares and whether the company's officers and/or directors breached their fiduciary duties or violated securities laws.

References:
[1] https://www.newsfilecorp.com/release/258489/OLO-MERGER-Olo-Inc.-Shareholders-are-Notified-of-BFA-Laws-Ongoing-Investigation-into-the-10.25-Merger-with-Thoma-Bravo
[2] https://www.globenewswire.com/news-release/2025/07/10/3113639/0/en/OLO-BREAKING-INVESTIGATION-BFA-Law-is-Investigating-Olo-Inc-s-Board-for-Breaching-its-Fiduciary-Duties-in-Connection-with-the-10-25-Merger-Price-Contact-BFA-Law.html
[3] https://www.prnewswire.com/news-releases/olo-inc-buyout-investigation-alert-kaskela-law-llc-announces-investigation-into-proposed-buyout-of-olo-inc-nyse-olo-shareholders--does-10-25-per-share-represent-sufficient-consideration-for-olo-shares-302503597.html
[4] https://www.marketscreener.com/quote/stock/OLO-INC-120780865/news/Thoma-Bravo-acquiring-Olo-for-2B-50449940/