PAR Technology Proposes Public Offering of Common Stock

9/30/20

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR), a leading global provider of point of sale (POS) software, hardware and integrated technical solutions to the restaurant and retail industries, today announced the commencement of a proposed underwritten public offering of 3,350,000 shares of its common stock. All of the shares to be sold in the offering will be offered by PAR Technology. In addition, PAR Technology expects to grant Jefferies LLC, the underwriter of the offering, a 30-day option to purchase up to an additional 502,500 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

PAR Technology expects to use the net proceeds from this offering for working capital and general corporate purposes, and may also use a portion of the proceeds to acquire or invest in other assets complementary to its business.

Jefferies is acting as sole manager for the offering.

The shares are being offered by PAR Technology pursuant to an automatically effective shelf registration statement that was filed with the Securities and Exchange Commission (“SEC”) on September 30, 2020.

About PAR Technology Corporation

PAR Technology Corporation, through its wholly owned subsidiary ParTech, Inc., is a customer success-driven, global restaurant and retail technology company with over 100,000 restaurants in more than 110 countries using its point of sale hardware and software. ParTech’s Brink POS® integration ecosystem enables quick service, fast casual, table service, and cloud restaurants to improve their operational efficiency by combining its cloud-based POS software with the world’s leading restaurant technology platforms. PAR Technology’s Government segment is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies.

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