Voss Capital Increases Stake in PAR Technology Corp to 14.3%

Voss Capital, LP, along with its affiliates Voss Value Master Fund, Voss Value-Oriented Special Situations Fund, and Travis W. Cocke, filed Amendment No. 3 to their Schedule 13D regarding PAR Technology Corp (PAR). As of May 14, 2026, the reporting group increased its beneficial ownership to 5,896,400 shares of common stock, representing approximately 14.3% of the outstanding shares. This is an increase from the previously reported 5,176,500 shares (12.0%). The additional shares were acquired through open market transactions using working capital, including margin loans. Specifically, the group executed multiple purchases on May 14 and May 15, 2026, at prices ranging from approximately $14.50 to $14.67 per share. The holdings are distributed across several entities, with Voss Capital exercising sole voting and dispositive power over 4,821,400 shares held in managed accounts and shared power over the 1,075,000 shares held by the Voss funds. Travis W. Cocke, as managing member, maintains ultimate beneficial ownership of the entire position.