PAR Technology Corporation (NYSE:PAR) entered into an asset purchase agreement to acquire Substantially All Assets of Bridg, Inc. for $30 million on January 23, 2026. Upon the terms and subject to the conditions thereof, as promptly as practicable after the closing of the Bridg Sale, but in any event on the Closing Date, PAR will deliver to Cardlytics a number of shares of common stock of PAR equal to the quotient obtained by dividing (i) (A) $27.5 million plus (B) an adjustment amount for certain new customer contracts entered into by Cardlytics prior to Closing less (C) an estimated closing net adjustment amount for revenue received by Cardlytics for goods or services to be delivered or performed after the Closing pursuant to contacts assigned to Buyer in connection with the Bridg Sale (provided, that, the number pursuant to this (i) shall not exceed $30 million) by (ii) the volume weighted average price of a share of PAR Common Stock on the New York Stock Exchange for the 15 consecutive trading days ending on the trading day immediately prior to (and excluding) the Closing Date as reported by Bloomberg, L.P.

The transaction is subject to customary closing conditions, including approval of by Cardlytics' board. The deal has been approved by the board. The expected completion of the transaction is in first quarter of 2026.

PAR Technology Corporation (NYSE:PAR) completed the acquisition of acquire Substantially All Assets of Bridg, Inc. on March 24, 2026