As filed with the Securities and Exchange Commission on February 21, 2024
Registration No. 333-264077
Delaware (State or other jurisdiction of incorporation or organization) | | | 7372 (Primary Standard Industrial Classification Code Number) | | | 20-2971562 (I.R.S. Employer Identification Number) |
Robert Morvillo General Counsel and Corporate Secretary Olo Inc. 99 Hudson Street 10th Floor New York, NY 10013 (212) 260-0895 | | | John J. Egan, Esq. Edwin M. O’Connor, Esq. Andrew R. Pusar, Esq. Goodwin Procter LLP 620 Eighth Avenue New York, NY 10018 (212) 813-8800 |
Large accelerated filer | | | ☒ | | | Accelerated filer | | | ☐ |
Non-accelerated filer | | | ☐ | | | Smaller reporting company | | | ☐ |
| | | | Emerging growth company | | | ☐ |
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• | our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 21, 2024; and |
• | the description of our Class A common stock contained in Exhibit 4.3 to our Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on February 25, 2022, including any amendment or report filed for the purpose of updating such description. |
| | Shares Beneficially Owned Prior to Offering(1) | | | Maximum Number of Shares to be Offered Pursuant to this Prospectus(2) | | | Shares Beneficially Owned After Offering(2) | |||||||
Name and Address | | | Number | | | Percentage | | | Number | | | Percentage | |||
Adam B. Hinman | | | 2,728 | | | * | | | 2,728 | | | — | | | — |
Adam Baru | | | 8,477 | | | * | | | 8,477 | | | — | | | — |
Alex Flamm | | | 10,667 | | | * | | | 10,667 | | | — | | | — |
Alexander Grzymala | | | 467 | | | * | | | 467 | | | — | | | — |
Alexander Kirby Foote | | | 37,588 | | | * | | | 37,588 | | | — | | | — |
Amy E. Soltis | | | 60,142 | | | * | | | 60,142 | | | — | | | — |
Andrew Szybalski, as Trustee of The Meck Szybalski Family Living Trust, U/A/D December 18, 2017(3) | | | 311 | | | * | | | 311 | | | — | | | — |
Arjun Iyer | | | 34,966 | | | * | | | 34,966 | | | — | | | — |
Artem Mariychin | | | 11,129 | | | * | | | 11,129 | | | — | | | — |
| | Shares Beneficially Owned Prior to Offering(1) | | | Maximum Number of Shares to be Offered Pursuant to this Prospectus(2) | | | Shares Beneficially Owned After Offering(2) | |||||||
Name and Address | | | Number | | | Percentage | | | Number | | | Percentage | |||
Arun Nagarajan | | | 310 | | | * | | | 310 | | | — | | | — |
Benjamin Aaron Foote | | | 37,588 | | | * | | | 37,588 | | | — | | | — |
Blake Ashdown(4) | | | 353,472 | | | * | | | 353,472 | | | — | | | — |
Brandon Max | | | 8,958 | | | * | | | 8,958 | | | — | | | — |
Blythe Esther Foote | | | 37,588 | | | * | | | 37,588 | | | — | | | — |
Cahoots Holdings, LLC(5) | | | 21,370 | | | * | | | 21,370 | | | — | | | — |
Charlotte Lynne Fitzpatrick | | | 37,588 | | | * | | | 37,588 | | | — | | | — |
Chibor Wisely LLC(6) | | | 25,644 | | | * | | | 25,644 | | | — | | | — |
Christopher Bradley | | | 935 | | | * | | | 935 | | | — | | | — |
Daniel M. Fleischmann | | | 936 | | | * | | | 936 | | | — | | | — |
Daniel McCarthy | | | 1,390 | | | * | | | 1,390 | | | — | | | — |
David Cantu | | | 26,240 | | | * | | | 26,240 | | | — | | | — |
David Fry | | | 34,132 | | | * | | | 34,132 | | | — | | | — |
Derrick Li | | | 6,560 | | | * | | | 6,560 | | | — | | | — |
Darci Foote, as Trustee of the Donkersloot-Foote Family Trust, U/A/D May 30, 2017(6) | | | 27,443 | | | * | | | 27,443 | | | — | | | — |
Elliot-Herbst LP(8) | | | 13,120 | | | * | | | 13,120 | | | — | | | — |
Eric Ralphs Bellquist, as Trustee of the Eric Ralphs Bellquist Separate Property Trust, U/A/D August 18, 2011(9) | | | 39,360 | | | * | | | 39,360 | | | — | | | — |
Eric Schwartz | | | 8,558 | | | * | | | 8,558 | | | — | | | — |
Fillmore Street Investments LP(10) | | | 13,120 | | | * | | | 13,120 | | | — | | | — |
Greg Golkin | | | 26,240 | | | * | | | 26,240 | | | — | | | — |
Heather M. Cull | | | 9,402 | | | * | | | 9,402 | | | — | | | — |
John N. Iannuccillo, as Trustee of the Iannuccillo Family Trust, U/A/D September 29, 2011(11) | | | 21,641 | | | * | | | 21,641 | | | — | | | — |
InVentures LLC(12) | | | 4,695 | | | * | | | 4,695 | | | — | | | — |
Iris Rochelle Foote | | | 37,588 | | | * | | | 37,588 | | | — | | | — |
Jacob A. Organek | | | 13,120 | | | * | | | 13,120 | | | — | | | — |
Jeffrey Huebner | | | 10,558 | | | * | | | 8,558 | | | 2,000 | | | * |
Jeffrey Safferman | | | 780 | | | * | | | 780 | | | — | | | — |
Jeffrey Steinberg | | | 3,115 | | | * | | | 3,115 | | | — | | | — |
Joe Malcoun | | | 17,114 | | | * | | | 17,114 | | | — | | | — |
John Metz | | | 26,240 | | | * | | | 26,240 | | | — | | | — |
Jordan Ashdown | | | 60,142 | | | * | | | 60,142 | | | — | | | — |
Josh Stern | | | 339,395 | | | * | | | 339,183 | | | 212 | | | * |
Joshua Benn(13) | | | 23,360 | | | * | | | 23,360 | | | — | | | — |
Juliet Ann Foote | | | 37,588 | | | * | | | 37,588 | | | — | | | — |
Kenneth J. Foote | | | 255,015 | | | * | | | 255,015 | | | — | | | — |
Lark Allison Foote | | | 37,588 | | | * | | | 37,588 | | | — | | | — |
Lars Albright, as Trustee of the Lawson A. Albright Irrevocable Trust, U/A/D December 26, 2012(14) | | | 2,750 | | | * | | | 2,750 | | | — | | | — |
Lowery Holdings, LLC(15) | | | 162,034 | | | * | | | 162,034 | | | — | | | — |
Luke Geiger | | | 8,367 | | | * | | | 7,517 | | | 850 | | | * |
| | Shares Beneficially Owned Prior to Offering(1) | | | Maximum Number of Shares to be Offered Pursuant to this Prospectus(2) | | | Shares Beneficially Owned After Offering(2) | |||||||
Name and Address | | | Number | | | Percentage | | | Number | | | Percentage | |||
LumberJack, LLC(16) | | | 5,632 | | | * | | | 5,632 | | | — | | | — |
Matthew Wilber | | | 13,120 | | | * | | | 13,120 | | | — | | | — |
Michael Flamm | | | 1,389 | | | * | | | 1,389 | | | — | | | — |
Michael Vichich(17) | | | 467,798 | | | * | | | 467,193 | | | 605 | | | * |
Michelle Lozier | | | 60,142 | | | * | | | 60,142 | | | — | | | — |
Nathan Kaplan | | | 4,671 | | | * | | | 4,671 | | | — | | | — |
Nicholas Hunter | | | 623 | | | * | | | 623 | | | — | | | — |
Nick Valenti | | | 13,120 | | | * | | | 13,120 | | | — | | | — |
Noah Seidenfeld | | | 1,246 | | | * | | | 1,246 | | | — | | | — |
Parth Bhakta | | | 6,560 | | | * | | | 6,560 | | | — | | | — |
Passkey Investors, LLC(18) | | | 39,360 | | | * | | | 39,360 | | | — | | | — |
Peter Fader | | | 9,947 | | | * | | | 9,947 | | | — | | | — |
Pforzheimer Family Limited Partnership(19) | | | 41,334 | | | * | | | 41,334 | | | — | | | — |
Philomath Fund II LLC(20) | | | 1,406 | | | * | | | 1,406 | | | — | | | — |
Project Zingerman, a Series of Lamplighter Syndicate Master Fund LLC(21) | | | 42,339 | | | * | | | 42,339 | | | — | | | — |
QEF Partners(22) | | | 17,118 | | | * | | | 17,118 | | | — | | | — |
Quantum Development Holdings LLC(23) | | | 1,404 | | | * | | | 1,404 | | | — | | | — |
Rahul Ketkar | | | 2,808 | | | * | | | 2,808 | | | — | | | — |
Ryan Pitt | | | 935 | | | * | | | 935 | | | — | | | — |
Sam Deacon | | | 4,109 | | | * | | | 2,757 | | | 1,352 | | | * |
Sasa Mahr-Batuz | | | 8,355 | | | * | | | 8,355 | | | — | | | — |
Satija Holdings LLC(24) | | | 17,376 | | | * | | | 17,376 | | | — | | | — |
Scott Beck | | | 13,120 | | | * | | | 13,120 | | | — | | | — |
Shaun Caesar | | | 935 | | | * | | | 935 | | | — | | | — |
The Little Red Bird LLC(25) | | | 78,720 | | | * | | | 78,720 | | | — | | | — |
Timothy Jellison | | | 7,640 | | | * | | | 7,640 | | | — | | | — |
Tyler Felous(26) | | | 339,690 | | | * | | | 339,183 | | | 507 | | | * |
William Clifford | | | 1,377 | | | * | | | 1,377 | | | — | | | — |
(1) | Based on 107,004,479 shares of Class A common stock outstanding on February 16, 2024. |
(2) | Represents the number of shares of Class A common stock that will be beneficially owned by the selling stockholder after completion of this offering based on the assumptions that (i) all of the shares of Class A common stock registered for resale by the registration statement of which this prospectus is a part will be sold and (ii) no other shares of Class A common stock will be acquired or sold by the selling stockholder before completion of this offering. However, the selling stockholder may sell all, part or none of its shares of Class A common stock offered pursuant to this prospectus and may sell all, part or none of its Class A common stock pursuant to one or more exemptions from the registration provisions of the Securities Act. |
(3) | Voting and investment power with respect to the shares held by the selling stockholder is held by Andrew Timothy Syzbalski. The address for the selling stockholder is 4100 Queen Emm’s Dr., #54, HI 96722. |
(4) | Includes (i) 329,101 Class A common stock shares held by Blake Ashdown and (ii) 24,371 Class A common stock shared held by Ingalls & Snyder LLC Cust Fbo Blake Ashdown Self-Directed IRA of which Blake Ashdown is trustee and beneficial owner. The address for the selling stockholder and entity is 6310 Island Lake Drive, East Lansing, MI 48823. |
(5) | Voting and investment power with respect to the shares held by the selling stockholder is held by Ian Berry, Lindsay Snider and Guy Suter who are partners of the selling stockholder. The address for the selling stockholder is 206 East Huron Street, Ann Arbor, MI 48103. |
(6) | Voting and investment power with respect to the shares held by the selling stockholder is held by Arjuna Reddy. The address for the selling stockholder is 2108 Vinewood Blvd., Ann Arbor, MI 48104. |
(7) | The address for the selling stockholder is Attn: Darci Foote, Trustee, 609 S. Hanover Street, Baltimore, MD 21230. |
(8) | Voting and investment power with respect to the shares held by the selling stockholder is held by Alice Elliot Herbst. The address for the selling stockholder is 33 Purdy Court, Briarcliff Manor, NY 10510. |
(9) | Voting and investment power with respect to the shares held by the selling stockholder is held by Eric Ralphs Bellquist. The address for the selling stockholder is 75675 Painted Desert Drive, Indian Wells, CA 92210. |
(10) | Voting and investment power with respect to the shares held by the selling stockholder is held by Justin Nedelman. The address for the selling stockholder is 2416 Walnut Avenue, Manhattan Beach, CA 90266. |
(11) | Voting and investment power with respect to the shares held by the selling stockholder is held by John N. Iannuccillo. The address for the selling stockholder is 2600 Broadway, San Francisco, CA 94115. |
(12) | Voting and investment power with respect to the shares held by the selling stockholder is held by Paul Appelbaum and Todd Arky. The address for the selling stockholder is 55 Central Park West, Unit 15C, New York, NY 10023. |
(13) | Mr. Benn is employed by a registered broker-dealer and is a registered as a general securities representative. However, Mr. Benn purchased his shares for personal investment. Neither Mr. Benn nor his employer, at the time of purchase, had or currently have any agreements or understandings, direct or indirect, with any person to distribute such shares. |
(14) | Voting and investment power with respect to the shares held by the selling stockholder is held by Lars Albright. The address for the selling stockholder is 30 Norfolk Road, Chestnut Hill, MA 02467. |
(15) | Voting and investment power with respect to the shares held by the selling stockholder is held by Nate Lowery. The address for the selling stockholder is 350 Corrie Road, Ann Arbor, MI 48105. |
(16) | The address for the selling stockholder is 571 Iris Ave, Boulder, CO 80304. |
(17) | The selling stockholder is a former employee of the Company. The address for the selling stockholder is 1402 Charlton Avenue, Ann Arbor, MI 48104. |
(18) | Jason Mozingo, Managing Principal, is the beneficial owner of the shares held by the selling stockholder. The address for the selling stockholder is 30 Pear Tree Point Road, Darien, CT 06820. |
(19) | Voting and investment power with respect to the shares held by the selling stockholder is held by Carl A. Pforzheimer. The address for the selling stockholder is 199 Hurlbutt Street, Wilton, CT 06897. |
(20) | Voting and investment power with respect to the shares held by the selling stockholder is held by Zach Perret. The address for the selling stockholder is 3450 Sacramento Street #727, San Francisco, CA 94118. |
(21) | Voting and investment power with respect to the shares held by the selling stockholder is held by Nicholas Miller and Alex Lassiter. The address for the selling stockholder is 803 Courtenay Drive NE, Atlanta, GA 30306. |
(22) | Voting and investment power with respect to the shares held by the selling stockholder is held by Ian Cohen and Adam Levin. The address for the selling stockholder is 778 S. Fitch Mountain Road, Healdsburg, CA 95448. |
(23) | Voting and investment power with respect to the shares held by the selling stockholder is held by Kevin F. Brady who is a managing member of the selling stockholder. The address for the selling stockholder is 747 Barnstable Lane, Franklin Lakes, NJ 07417. |
(24) | Voting and investment power with respect to the shares held by the selling stockholder is held by Albert Satija. The address for the selling stockholder is 118 State Street, Apt. 4A, New York, NY 11201. |
(25) | Voting and investment power with respect to the shares held by the selling stockholder is held by Adam Burgoorn who is a managing member of the selling stockholder. The address for the selling stockholder is 11 Parrott Street, Cold Spring, NY 10516. |
(26) | The selling stockholder is a former employee of the Company. The address for the selling stockholder is 5259 N Bowmanville Avenue, Chicago, IL 60625. |
• | block trades in which a broker or dealer will be engaged to attempt to sell the shares as agent, but may position and resell a portion of the block as principal to facilitate the transaction; |
• | purchases by a broker or dealer as principal and resale by the broker or dealer for its own account; |
• | ordinary brokerage transactions and transactions in which the broker solicits purchases; |
• | “at the market” transactions to or through market makers or into an existing market for our Class A common stock; |
• | an exchange distribution in accordance with the rules of the applicable exchange; |
• | privately negotiated transactions; |
• | delivery of securities in settlement of short sales; |
• | through the writing or settlement of options, swaps or other derivative transactions that may or may not be listed on an exchange; |
• | one or more underwritten offerings on a firm commitment or best efforts basis; |
• | distributions to their respective partners, members, managers, directors, employees, consultants or affiliates; |
• | any other method permitted pursuant to applicable law; or |
• | any combination of the above. |
ITEM 14. | OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION |
SEC registration fee | | | $4,029 |
Accounting fees and expenses | | | * |
Legal fees and expenses | | | * |
Transfer agent fees and expenses | | | * |
Printing fees | | | * |
Miscellaneous expenses | | | $* |
Total | | | $* |
* | Estimated expenses are not presently known. |
ITEM 15. | INDEMNIFICATION OF OFFICERS AND DIRECTORS |
Item 16. | Exhibits |
Exhibit Number | | | Description |
1.1* | | | Form of Underwriting Agreement |
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* | To be filed by an amendment or report filed under the Exchange Act, and incorporated herein by reference, if applicable. |
Item 17. | Undertakings |
(1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |
(i) | To include any prospectus required by Section 10(a)(3) of the Securities Act; |
(ii) | To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and |
(iii) | To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; |
(2) | That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
(3) | To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. |
(4) | That, for the purpose of determining liability under the Securities Act to any purchaser: |
(i) | Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and |
(ii) | Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date. |
(5) | That, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
OLO INC. | | | ||||
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By: | | | /s/ Noah H. Glass | | | |
| | Noah H. Glass | | | ||
| | Chief Executive Officer (Principal Executive Officer) | | |
Signature | | | Title | | | Date |
/s/ Noah H. Glass | | | Chief Executive Officer (Principal Executive Officer); Director | | | February 21, 2024 |
Noah H. Glass | | |||||
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/s/ Peter Benevides | | | Chief Financial Officer (Principal Accounting and Financial Officer) | | | February 21, 2024 |
Peter Benevides | | |||||
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*David Cancel | | | Director | | | February 21, 2024 |
David Cancel | | | | | ||
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*Brandon Gardner | | | Director | | | February 21, 2024 |
Brandon Gardner | | |||||
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*David Frankel | | | Director | | | February 21, 2024 |
David Frankel | | |||||
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*Lee Kirkpatrick | | | Director | | | February 21, 2024 |
Lee Kirkpatrick | | |||||
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*Daniel Meyer | | | Director | | | February 21, 2024 |
Daniel Meyer | | |||||
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*Colin Neville | | | Director | | | February 21, 2024 |
Colin Neville | | |||||
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*Linda Rottenberg | | | Director | | | February 21, 2024 |
Linda Rottenberg | | |||||
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*Zuhairah Washington | | | Director | | | February 21, 2024 |
Zuhairah Washington | | | | |
Signature | | | Title | | | Date |
By: /s/ Noah H. Glass | | | Chief Executive Officer (Principal Executive Officer) | | | February 21, 2024 |
Noah H. Glass Attorney-in-fact | |