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Olo Completes Merger, Delists from NYSE

Story Highlights
  • Olo completed a merger, terminating its loan agreement and repaying all obligations.
  • Olo’s stock was delisted, with board changes and amended stock agreements following the merger.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Olo Completes Merger, Delists from NYSE

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Olo ( (OLO) ) just unveiled an update.

Olo has completed a merger that resulted in the termination of its existing loan agreement with Banc of California, and the full repayment of all outstanding obligations. As part of the merger, Olo’s common stock was delisted from the New York Stock Exchange, and the company plans to deregister its stock and suspend its reporting obligations. The merger also led to changes in the company’s board of directors, with resignations and new appointments, and amendments to stock unit agreements for certain employees.

The most recent analyst rating on (OLO) stock is a Hold with a $10.25 price target. To see the full list of analyst forecasts on Olo stock, see the OLO Stock Forecast page.

Spark’s Take on OLO Stock

According to Spark, TipRanks’ AI Analyst, OLO is a Neutral.

Olo’s overall score reflects strong technical momentum and a solid financial position, but is weighed down by valuation concerns due to lack of profitability and ongoing litigation risks related to the merger.

To see Spark’s full report on OLO stock, click here.

More about Olo

Average Trading Volume: 4,931,538

Technical Sentiment Signal: Buy

Current Market Cap: $1.74B

For detailed information about OLO stock, go to TipRanks’ Stock Analysis page.

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