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Olo Inc.

(NYSE: OLO)

Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Olo Inc. ("Olo" or the "Company") on behalf of stockholders.  A class action complaint has been filed against Olo.  The complaint alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and prospects, which were known to defendants or recklessly disregarded by them.  Specifically, defendants misrepresented and/or failed to disclose that: (i) Subway was ending its contract with the Company; (ii) the Company's key business metric - active locations - could not continue to grow as defendants touted due to the loss of Subway's business; and (iii) as a result, defendants' statements about the Company's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: 11/21/2022


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