PAR Technology's Misunderstood Capital Raising Creates An Opportunity

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Summary

  • The direct offering and the convertible debt is priced reasonably and it does not dilute shareholders heavily; therefore, it does not warrant a heavy sell-down.
  • Shareholders are much better off after this new capital raise because of lower interest rate and lesser dilution.
  • PAR's risk/reward ratio remains favorably skewed to investors who are in it for the long haul.

Sign raising capital on a paper and glasses.
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Company Overview

PAR Technology (NYSE:PAR) is a software company delivering cloud solutions to the restaurant industry. Some of its products are Brink, Punchh and Data Central. PAR Technology services tier 1 enterprise Quick Service Restaurants (QSRs). Some of their customers

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