SCHEDULE 13G/A: ADW Capital Partners Maintains 6.7% Stake in PAR Technology Corporation

ADW Capital Partners, along with its affiliates, has reported a continued beneficial ownership of 6.7% of PAR Technology Corporation's common stock as of December 31, 2024.

Summary

• ADW Capital Partners, L.P., ADW Capital Management, LLC, and Adam D. Wyden collectively reported beneficial ownership of 2,597,229 shares of PAR Technology Corporation's common stock.
• This represents 6.7% of the Issuer's common stock outstanding.
• The percentage is calculated based on 38,717,366 shares of common stock outstanding as of January 3, 2025, as disclosed in PAR Technology Corporation's Form S-3 filed on January 6, 2025.
• The reporting persons share both voting and dispositive power over all 2,597,229 shares.
• This filing is an Amendment No. 9 to previous Schedule 13G filings by these reporting persons.
• The reporting persons certified that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of ownership and typically does not convey strong positive or negative sentiment regarding the issuer's performance or prospects. The certification of passive intent is neutral to slightly positive for management.

Positives

• The reporting persons, ADW Capital Partners, L.P., ADW Capital Management, LLC, and Adam D. Wyden, have certified that their acquisition and holding of PAR Technology Corporation shares are not for the purpose of changing or influencing control of the issuer, indicating a passive investment stance.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant passive investment stake in a publicly traded company. It does not provide specific industry context beyond the fact that PAR Technology Corporation is a publicly traded entity.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, which can influence market perception and liquidity.

Next Steps

• The reporting persons will continue to file amendments to this Schedule 13G if their beneficial ownership percentage changes significantly (e.g., crosses a 1% threshold) or if their investment intent changes from passive to active.

Key Dates

Keywords

PAR Technology Corporation, ADW Capital Partners, ADW Capital Management, Adam D. Wyden, Schedule 13G, beneficial ownership, common stock, equity stake, investment filing, SEC filing