Table Of Contents OLO INC. Notes to Condensed Financial Statements (Unaudited) parties. As of September 30, 2021, the outstanding accounts receivable from the related parties was $0.3 million. As of December 31, 2020, the outstanding accounts receivable from the related parties was $0.4 million. 15. Subsequent Events Acquisition On October 21, 2021, we signed a definitive agreement to acquire all of the outstanding shares of Wisely Inc. (“Wisely”), a leading customer intelligence and engagement platform for restaurants. We closed the acquisition on November 4, 2021 for approximately $187 million, consisting of $77 million in cash and $110 million of our Class A common stock, based on a price per share of $29.85, which is equal to the daily volume-weighted average sales price of our Class A common stock for each of the twenty (20) consecutive trading days ended on and including October 18, 2021. On November 4, 2021, we issued approximately 3.5 million shares of our Class A common stock and granted approximately 0.2 million fully vested stock options. In contemplation of the acquisition, on October 1, 2021, we entered into a Convertible Promissory Note (“Note”) with Wisely in the amount of $7 million. The Note was settled in conjunction with the close of the acquisition. 24