Olo Inc. (NYSE: OLO) moves to end SEC reporting for Class A and B shares
Rhea-AI Filing Summary
Olo Inc. has filed a Form 15-12G to terminate the registration of its Class A and Class B common stock under Section 12(g) of the Securities Exchange Act of 1934 and to suspend its duty to file periodic reports under Sections 13 and 15(d). The filing, signed by Chief Executive Officer Noah H. Glass, indicates there are no other classes of securities for which Olo must continue filing reports.
Positive
- None.
Negative
- Termination of SEC registration and reporting obligations for Olo Inc.’s Class A and Class B common stock under Sections 12(g), 13, and 15(d), which reduces mandated public financial and corporate disclosure for these securities.
Insights
Olo moves to deregister its common stock, ending SEC reporting for these securities.
Olo Inc. has submitted a Form 15-12G covering its Class A and Class B common stock. This action seeks to terminate registration under Section 12(g) and suspend obligations to file reports under Sections 13 and 15(d) of the Exchange Act.
For investors, this means those classes of Olo’s common stock would no longer be subject to ongoing SEC reporting requirements tied to those sections, reducing the level of mandated public disclosure. The certification also states there are no other classes of securities that will continue to carry a reporting duty.