SCHEDULE: Voss Capital Boosts Stake in PAR Technology to 7.66%

Voss Capital and affiliated entities have increased their beneficial ownership in PAR Technology Corp to 7.66% of outstanding common stock as of September 30, 2025.

Summary

• Voss Capital, L.P. and its affiliated entities, including Voss Value Master Fund, L.P., Voss Value-Oriented Special Situations Fund, L.P., Voss Advisors GP, LLC, and Travis W. Cocke, collectively reported beneficial ownership of 3,110,000 shares of PAR Technology Corp common stock.
• This aggregate ownership represents 7.66% of the 40,581,077 shares outstanding as of August 6, 2025.
• Voss Value Master Fund, L.P. beneficially owns 625,000 shares, representing approximately 1.54% of the outstanding shares.
• Voss Value-Oriented Special Situations Fund, L.P. beneficially owns 100,000 shares, representing approximately 0.25% of the outstanding shares.
• Voss Advisors GP, LLC, as the general partner for the two funds, may be deemed to beneficially own 725,000 shares, or approximately 1.79%.
• Voss Capital, L.P., as the investment manager, and Travis W. Cocke, as the managing member, each beneficially own 3,110,000 shares, representing approximately 7.66% of the outstanding shares.
• The shares were not acquired for the purpose of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 6

Explanation: The filing is a factual report of beneficial ownership. An increased stake by an institutional investor like Voss Capital can be viewed as a positive signal of confidence in the company, hence a slightly positive score.

Future Outlook

NA

Industry Context

This filing indicates an increased or maintained significant institutional stake in PAR Technology Corp by Voss Capital, a value-oriented investment firm. Such filings are common and reflect investment firms' positions in publicly traded companies, often signaling confidence or a strategic interest in the company's long-term prospects within its sector.

Stakeholder Impact

• Shareholders: Increased institutional ownership by Voss Capital could be perceived as a vote of confidence, potentially influencing investor sentiment and the stock price.
• Company Management: A significant stake held by an activist-oriented fund like Voss Capital may lead to increased engagement or pressure regarding strategic decisions, operational efficiency, or corporate governance.

Key Dates

Keywords

PAR Technology Corp, Voss Capital, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Equity Stake