04:37 PM EDT, 03/24/2026 (MT Newswires) -- Cardlytics ( CDLX ) said Tuesday it has closed the sale of its Bridg assets to PAR Technology ( PAR ) for about 1.8 million PAR shares.

"We expect to monetize this position strategically based on market conditions, which will meaningfully strengthen our balance sheet," said Chief Financial Officer David Evans.

"We anticipate using the proceeds to pay down a majority of the outstanding balance on our line of credit, improve our financial flexibility, and accelerate our progress toward long-term financial self-sustainability," Evans added.

Shares of Cardlytics ( CDLX ) were up over 2% in after-hours trading.