We are investigating the fairness of the proposed sale of Olo, Inc. (NYSE: OLO) (“Olo”) to Thoma Bravo for $10.25 per share in cash.
The sale price represented a premium of just 13.58% to Olo’s closing price the day before the deal was announced, and at least two investors have expressed disappointment in the sale price on SeekingAlpha.
If you remain an Olo shareholder and have concerns about the proposed sale, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
Why is there an investigation?
On July 3, 2025, Olo announced that it had agreed to be sold to Thoma Bravo for $10.25 per share in cash.
The sale price represented a premium of just 13.58% to Olo’s closing price on July 2, 2025, the day before the deal was announced.
At least two investors have expressed disappointment in the sale price on SeekingAlpha with one investor remarking that “Price too low,” and another observing, “Quite inexpensive.”
“We are investigating whether the Olo Board of Directors acted in the best interests of Olo shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the price agreed upon is fair to Olo shareholders, as well as whether all material information regarding the transaction has been fully disclosed.”