Olo announces early termination of HSR Waiting Period for its deal, as granted by the FTC
Merger Agreement: Olo has entered into a merger agreement with Project Hospitality Parent and its subsidiary, where Olo will become a wholly-owned subsidiary of the Parent company.
Regulatory Approval: The merger's completion is contingent upon the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, which was granted early termination by the U.S. Federal Trade Commission on August 15.
Closing Conditions: Other customary closing conditions must be satisfied or waived for the merger to proceed, including approval from Olo's stockholders.
Special Stockholder Meeting: A virtual special stockholder meeting is scheduled for September 9 at 9:00 a.m. Eastern Time to consider the adoption of the merger agreement.
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