Girard Sharp LLP has filed a securities class action against Blue Owl Technology Finance Corp. (OTF) alleging that merger offering materials contained untrue and misleading statements in connection with OTF's March 2025 acquisition of OTF II. Former OTF II investors who received OTF shares have experienced significant losses since the merger as OTF's share price has severely declined.
OTF
Blue Owl Technology Finance Corp.About OTF
Blue Owl Technology Finance Corp is an externally managed business development company mainly formed to originate and make debt and equity investments in a broad range of established and high-growth technology-related companies based mainly in the United States. Its investment objective is to maximize total return by generating current income from debt investments and other income-producing securities, and capital appreciation from its equity and equity-linked investments. The company originates and invests in senior secured or unsecured loans; subordinated loans or mezzanine loans; and equity-related securities, including common equity, warrants,preferred stock, and similar forms of senior equity, which may or may not be convertible into a portfolio company's common equity.
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