GLAZER CAPITAL Acquires Significant Stake in Olo Inc, Boosting Portfolio with New Holding

Glazer Capital, LLC has acquired 7,709,679 shares of Olo Inc at $10.20 per share, marking a 3.15% impact on its portfolio. The acquisition reflects the firm's confidence in Olo Inc's growth potential. Olo Inc is a SaaS platform for the restaurant industry with a market capitalization of $1.74 billion and a current stock price of $10.25. The company has achieved revenue growth of 13.30% and earnings growth of 22.40% over the past three years.

New York, NY—Glazer Capital, LLC has recently acquired 7,709,679 shares of Olo Inc. (NYSE: OLO) at $10.20 per share, representing a 3.15% impact on its portfolio. This acquisition underscores the firm's confidence in Olo Inc.'s growth potential, as the company continues to expand its digital ordering, payment, and guest engagement solutions for the restaurant industry.

Olo Inc., a leading SaaS platform, has seen a significant increase in its market capitalization to $1.74 billion, with a current stock price of $10.25. Over the past three years, the company has achieved remarkable revenue growth of 13.30% and earnings growth of 22.40%, indicating strong financial performance and market traction.

The acquisition by Glazer Capital comes amidst Olo Inc.'s ongoing growth trajectory. In a recent announcement, Olo Inc. entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash transaction valuing Olo at approximately $2.0 billion in equity value [1]. This acquisition is expected to accelerate Olo's growth and enhance its offerings for restaurant brands worldwide.

Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash, representing a 65% premium over Olo's unaffected share price of $6.20 as of April 30, 2025 [1]. The transaction is expected to close by the end of calendar year 2025, subject to customary closing conditions, including approval by Olo shareholders and the receipt of required regulatory approvals.

Glazer Capital's acquisition of 7,709,679 shares of Olo Inc. at $10.20 per share reflects its belief in the company's growth potential and strategic position within the restaurant technology sector. As Olo Inc. continues to innovate and expand its offerings, investors and financial professionals can expect to see further growth and potential returns from this acquisition.

References:
[1] https://www.businesswire.com/news/home/20250703642060/en/Olo-Enters-into-Definitive-Agreement-to-be-Acquired-by-Thoma-Bravo