Indaba ends ON24 (ONTF) 13D status after $8.10-per-share cash merger
Indaba Capital Management and its affiliates have ceased beneficial ownership of ON24 (ONTF) common stock following a cash merger where ON24 became a wholly-owned subsidiary of Cvent Atlanta, LLC. Each ON24 share was converted into $8.10 in cash. This update was reported via an amended Schedule 13D/A filing, indicating that Indaba no longer holds any shares or reporting obligations for ON24.
ON24, Inc. (ONTF) merger: shareholders receive $8.10 per share; insider holds 0
A recent SEC filing (SCHEDULE 13G/A) by Sharat Sharan indicates that ON24, Inc. (ONTF) has undergone a merger. As a result, outstanding shares were converted into the right to receive $8.10 in cash per share, and Sharan, who previously held about 10% of the common stock, now beneficially owns no shares. The merger became effective on April 1, 2026, and also affected equity awards, converting them into cash or restricted cash awards.
ON24 (NYSE: ONTF) director exits 137,265 shares in $8.10 cash merger
ON24 Inc. director Anthony Zingale disposed of 137,265 shares of common stock as part of ON24's cash merger, where it became a wholly owned subsidiary. Each outstanding ON24 share was converted into the right to receive $8.10 in cash. Following this transaction, Zingale holds no common stock in ON24.
ON24 (ONTF) director’s 141,095 shares cashed out at $8.10
ON24 Inc. director Mitchell Ronald Paul disposed of his 141,095 common stock holdings on April 1, 2026, as part of a merger where ON24 became a wholly-owned subsidiary of Cvent Atlanta, LLC. His shares were converted into the right to receive $8.10 per share in cash, reducing his direct ownership to zero. This transaction was reported in an SEC Form 4 filing.
ON24 Inc. (ONTF) director’s 157,903 shares canceled in $8.10-per-share cash merger
ON24 Inc. director Anil Arora had 157,903 shares of common stock canceled and disposed of to the issuer as part of a merger agreement. This transaction resulted in Arora holding 0 shares directly, with each outstanding ON24 share converted into the right to receive $8.10 in cash. The event was a mechanical step related to the merger, not an open-market sale, and also affected outstanding Restricted Stock Units (RSUs) similarly.
ON24 Completes Cash Merger and Delists from NYSE
ON24 (ONTF) has completed a cash merger, converting outstanding shares into $8.10 cash per share and delisting its common stock from the New York Stock Exchange. The company's board has been reconstituted, while existing officers remain in place. An analyst rating for ONTF stock is "Hold" with a $9.00 price target, and TipRanks’ AI Analyst, Spark, rates it as "Neutral" due to the M&A privatization and supportive technical trends, tempered by weak financial performance.
Cash buyout takes ON24 (NYSE: ONTF) private at $8.10 per share
ON24 Inc. was taken private on April 1, 2026, in a cash merger where shareholders received $8.10 per share. Following the acquisition by Cvent Atlanta, LLC, ON24's common stock ceased trading on the New York Stock Exchange and became eligible for delisting. Major shareholders like Lynrock Lake and Cynthia Paul no longer hold shares, reflecting the company's full privatization.
ON24 (ONTF) director exits stake in $8.10-per-share cash merger
ON24 Inc. director Barry Zwarenstein has fully exited his equity stake in the company following its merger. All of his 154,586 common shares and options for 110,834 shares were converted into cash at $8.10 per share or the exercise price difference, as per the merger agreement on April 1, 2026, leaving him with no remaining holdings. This disposition was due to the merger where ON24 became a wholly-owned subsidiary of Cvent Atlanta, LLC, and not an open-market sale.
ON24 Announced Transfer or Voluntary Withdrawal of Listing
ON24 has announced its intention to delist and deregister its common stock from the NYSE following a merger closing on April 1, 2026. The company officially notified the NYSE and plans to file a Form 15 to terminate its registration and suspend reporting obligations after the Form 25 for delisting becomes effective. Trading on the NYSE for ON24 stock was halted before the market opened on the closing date.
ON24 Terminates Loan and Security Agreement With Fifth Third Following $8.10-Per-Share Merger
ON24 has terminated its Sixth Amended and Restated Loan and Security Agreement with Fifth Third Bank, effective April 1, 2026, due to the completion of its merger. The agreement, originally dated August 31, 2021, ended as ON24 became a wholly owned subsidiary of the acquiring parent, with no termination fees disclosed. Management anticipates no further obligations under the facility after the closing.
Cvent affiliate buys ON24 (NYSE: ONTF) for $400M cash and delists shares
ON24, Inc. has been acquired by an affiliate of Cvent, Inc. for approximately $400 million in cash, with public shareholders receiving $8.10 per share. As a result, ON24 will be delisted from the NYSE, deregister its common stock, and cease SEC reporting obligations. This transaction effectively takes ON24 private, with its prior board resigning and a new Cvent-affiliated board taking over.
Decision Street, LLC completed the acquisition of ON24, Inc. from Lynrock Lake Master Fund LP managed by Lynrock Lake LP, Indaba Capital Management, L.P, BlackRock, Inc. and others.
Decision Street, LLC has officially completed its acquisition of ON24, Inc. for approximately $350 million. The transaction, which resulted in ON24 shareholders receiving $8.10 per share in cash, makes ON24 a privately held company. The acquisition was funded through equity financing and received shareholder and regulatory approvals.
ON24 Inc. (ONTF) delists common stock from NYSE in Form 25 filing
ON24 Inc. (ONTF) has filed a Form 25 with the SEC, notifying the New York Stock Exchange of the voluntary removal of its common stock from listing and registration under Section 12(b). Both the Exchange and ON24 Inc. have certified compliance with Rule 12d2-2 governing the delisting process. This action typically leads to decreased visibility, lower trading volume, and wider price swings for the security, making it potentially more challenging for investors to trade and value.
Cvent Closes Acquisition of ON24
Cvent, a leading meetings, events, and hospitality technology provider, has completed its acquisition of ON24, an enterprise webinar and digital engagement platform. This acquisition aims to enhance Cvent's end-to-end event management platform by integrating ON24's AI-powered intelligent engagement capabilities, enabling B2B marketers to deliver connected digital experiences and drive an event-led growth strategy. Cvent plans to continue investing in the ON24 platform, focusing on AI innovation and enterprise-grade reliability, while offering a more unified engagement strategy across webinars, digital experiences, and in-person events.
ONTF PE Ratio & Valuation, Is ONTF Overvalued
This article analyzes the valuation of ON24 Inc (ONTF), determining it is currently in the "Fair zone" with a forward PS ratio of 1.80, compared to a five-year average of 107.48. The fair price is estimated between $4.47 and $17.62 using a relative valuation method. Despite a current P/B ratio of 0.00 and a Forward FCF yield of 0.00%, the article notes that ONTF's P/S ratio is significantly above the industry average, which, combined with revenue growth of -7.94%, suggests that this premium might be unsustainable.
ON24 Shareholders Approve Merger, Moving Toward Privatization
ON24 shareholders have approved a merger proposal with Cvent Atlanta, LLC, with approximately 87% of outstanding common shares represented and 36,820,608 votes in favor. This approval moves ON24 closer to privatization, with the merger expected to close around April 1, 2026. Despite a "Neutral" rating from TipRanks' AI Analyst due to weak financial performance, the pending all-cash acquisition adds a positive backdrop.
ON24, Inc. Files Form 8-K Reporting Security Holder Vote Submission and Company Details – March 2026
ON24, Inc. (NYSE: ONTF) shareholders have approved a merger with Cvent Atlanta, LLC after a special meeting held on March 26, 2026. The merger is expected to close around April 1, 2026, making ON24 a wholly-owned subsidiary of Cvent and potentially leading to its delisting from the NYSE. This represents a significant transformation for ON24 and its shareholders.
ON24 shareholders approve merger with Cvent Atlanta affiliate By Investing.com
Shareholders of ON24, Inc. have approved the company's merger with Cvent Atlanta, LLC, an affiliate of Cvent, in an all-cash transaction valued at approximately $400 million. The deal, which will see ON24 shareholders receive $8.10 per share, is expected to close around April 1, 2026, despite ongoing shareholder lawsuits alleging omitted material information. ON24's stock is trading near its 52-week high, reflecting investor confidence, and the company holds more cash than debt according to InvestingPro analysis.
ON24 Shareholders Approve Merger, Moving Toward Privatization
ON24 shareholders have overwhelmingly approved a merger with Cvent Atlanta, LLC, with approximately 87% of outstanding shares present and over 36 million votes in favor. This approval paves the way for ON24 to become a wholly owned subsidiary of Cvent by April 1, 2026, marking its transition to private ownership. Despite weak financial performance, the pending all-cash acquisition and regulatory progress provide a positive outlook for the company.
Shareholders of ON24 (NYSE: ONTF) back merger with Cvent Atlanta
ON24, Inc. shareholders have approved a merger with Cvent Atlanta, LLC, where ON24 will become a wholly owned subsidiary of Cvent Atlanta. The merger proposal passed with overwhelming support, with 36,820,608 votes for and minimal opposition, and is expected to close on or about April 1, 2026. This approval marks a significant change of control for ON24, making it a private entity after the merger.
Executive pay, ownership and governance updated at ON24 (NYSE: ONTF)
ON24, Inc. filed an amendment to its 2025 annual report (10-K/A) to update information regarding board structure, executive compensation, ownership, and auditor fees. This filing outlines the company's eight-member, majority-independent board, details executive compensation for 2025 including the CEO's $3.2 million package, and summarizes equity incentive plans and major shareholders. The amendment clarifies severance and change-in-control protections for executives and lists fees paid to its auditor, KPMG.
ON24 Stock Analysis: Share Price Gain vs. Declining Billings & Profitability - News and Statistics
Despite a 35.8% increase in its share price, ON24 (NYSE: ON24) faces significant business performance challenges, including declining billings which fell by an average of 5.8% year-over-year in the past four quarters. Analysts predict stalled revenue growth for the coming year, and the company has consistently operated at a loss, with an average operating margin of negative 25.7%, raising questions about its strategic sustainability.
On24 EV president Sahasi sells $29536 in stock
Jayesh Sahasi, EV President, Product and CTO at ON24 INC., sold 3,662 shares of common stock for a total of $29,536 on March 20, 2026. This sale was conducted under a pre-arranged trading plan to cover tax withholding obligations. Additionally, ON24 Inc. is set to be acquired by Cvent for approximately $400 million, with shareholders receiving $8.10 per share, despite ongoing shareholder lawsuits regarding disclosure omissions.
ON24 (ONTF) CTO sells 3,662 shares under preset trading plan
Jayesh Sahasi, EVP of Product and CTO at ON24 (ONTF), sold 3,662 shares of common stock at a weighted average price of $8.0656 per share. This transaction was conducted under a Rule 10b5-1 trading plan to cover tax withholding obligations related to vesting restricted stock units. Following the sale, Sahasi directly holds 677,132 shares of ON24.
ON24 (ONTF) Enhances Platform to Scale Digital Events Globally
ON24 (ONTF) has rolled out new platform enhancements designed to transform individual digital events into comprehensive global marketing campaigns, integrating AI, content activation, and advanced analytics. While the company aims to help marketers maximize results from limited resources and boost sales impact, it faces significant financial challenges including negative revenue growth, low profitability margins, and an Altman Z-Score indicating potential bankruptcy risk. Investors should also note the recent insider selling activity despite significant institutional ownership.
ON24 Expands Platform Capabilities to Turn a Digital Event into Global Campaigns
ON24 has expanded its platform capabilities to help organizations transform single digital events into scalable global campaigns. The enhancements include AI-powered translation, content activation, and advanced analytics, enabling businesses to reach new markets and engage diverse audiences worldwide. These features allow for the conversion of event experiences into multilingual programs and across various channels, maximizing business and pipeline impact.
Jayesh Sahasi sells ONTF common shares in three trades (ONTF)
Jayesh Sahasi, an insider at ON24 Inc. (ONTF), reported three instances of common stock sales. These transactions occurred between December 2025 and March 2026, totaling gross proceeds of $452,598.48. The sales appear to be routine and involved various share counts and proceeds on each date.
ON24 provides supplemental merger disclosures following shareholder lawsuits By Investing.com
ON24 Inc. (NYSE: ONTF) has released supplemental disclosures regarding its pending merger with Cvent Atlanta, LLC, following shareholder lawsuits. These lawsuits, filed in New York, allege that the company's proxy statement omitted material information, though ON24 maintains its disclosures comply with applicable law. The voluntary disclosures aim to prevent delays for the merger, which will see ON24 acquired by Cvent for approximately $400 million in an all-cash transaction at $8.10 per share.
ON24 Issues Supplemental Disclosures Amid Merger Litigation
ON24 (ONTF) is providing supplemental disclosures following stockholder litigation regarding its merger with Cvent Atlanta, LLC. The company is adding details about the sale process, management's role, and Goldman Sachs’ financial analyses to enhance transparency for investors, while denying any legal merit to the claims. This move aims to prevent delays in the special meeting despite the ongoing lawsuits.
ON24 (NYSE: ONTF) expands merger proxy details after shareholder lawsuits
ON24, Inc. (NYSE: ONTF) has released supplemental proxy disclosures in response to shareholder lawsuits alleging the omission of material information regarding its planned merger with Cvent Atlanta’s affiliate. The company maintains the lawsuits are without merit but is voluntarily expanding disclosures to mitigate delay risks for the March 26, 2026, special meeting. These new details elaborate on non-disclosure agreements, the absence of pre-merger employment talks for management, Goldman Sachs’ fairness opinion inputs, and long-term financial projections through 2035.
ON24 supplements proxy, discloses litigation and updated deal valuation and projections
ON24 (ONTF) has issued supplemental proxy disclosures, addressing shareholder lawsuits filed in New York state court that challenge its merger with Cvent. The company provided updated financial valuations and projections, including Goldman Sachs' analysis of per-share ranges and discounted present values, alongside management's projections for ARR and adjusted EBITDA growth through 2035. These disclosures aim to inform stockholders for a special meeting on March 26, 2026, where they will vote on the merger.
|Short Interest in ON24, Inc. (NYSE:ONTF) Increases By 18.3%
|Short interest in ON24, Inc. (NYSE:ONTF) rose by 18.3% in February, reaching 1,082,679 shares, indicating increased bearish sentiment despite the company recently beating Q1 earnings and revenue estimates. Analysts currently rate ON24 as "Reduce" with an average target price of $8.10, forecasting negative EPS for the year. Insiders have been net sellers, though institutional investors have adjusted their holdings with some increasing positions.
ON24 pushes strategy to turn webinar attendance into measurable business results
ON24 is urging marketing teams to move beyond mere webinar attendance and focus on generating tangible business results. The company advocates for new engagement strategies that deliver measurable outcomes, emphasizing deeper audience interaction to achieve business objectives more effectively. This push aligns with broader industry trends tying marketing engagement to measurable pipeline conversion and actionable insights.
Analyst Warns On24 Merger Poses High Execution Risk, Potential Stock Reset, and Lost Upside for Shareholders
An analyst has warned that the proposed merger for On24, Inc. (ONTF) carries significant execution and timing risks, due to uncertainties in regulatory and shareholder approvals. Delays could restrict strategic flexibility and capital allocation, and if the merger fails, the company could face litigation and a stock price reset. Even if the deal closes, public shareholders would lose potential future upside and bear tax consequences on the all-cash consideration.
Are ONTF, EWCZ, FFIC Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, an investor rights law firm, is investigating ON24, Inc. (ONTF), European Wax Center, Inc. (EWCZ), and Flushing Financial Corp. (FFIC) for potential violations of federal securities laws and breaches of fiduciary duties. The investigations concern the proposed sales of these companies, with the firm suggesting that insiders may receive substantial financial benefits not available to ordinary shareholders and that the deals may limit competing offers. Halper Sadeh LLC encourages shareholders to contact them to discuss their rights and options.
ON24 Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ON24, Inc. - ONTF
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of ON24, Inc. (NYSE: ONTF) to Cvent, where shareholders would receive $8.10 in cash per share. KSF is assessing whether this consideration fairly values the company and if the sales process was adequate. Shareholders concerned about the valuation are invited to contact KSF to discuss their legal rights.
ON24 Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ON24, Inc. - ONTF
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of ON24, Inc. (NYSE: ONTF) to Cvent for $8.10 per share in cash. The law firm is examining whether this consideration and the process leading to the sale adequately value the company. Shareholders who believe the transaction undervalues ON24 are encouraged to contact KSF to discuss their legal rights.
FinancialContent - ON24 Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ON24, Inc. - ONTF
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of ON24, Inc. (NYSE: ONTF) to Cvent for $8.10 per share in cash. The law firm is examining whether the proposed price and the process leading to the transaction are adequate or if the company is undervalued. KSF is offering to discuss legal rights with shareholders who believe the offer undervalues ON24.
ON24 Inc (ONTF) CFO Steven Vattuone Sells 22,013 Shares
ON24 Inc's CFO, Steven Vattuone, sold 22,013 shares of the company on March 3, 2026, bringing his total holdings to 435,430 shares. This transaction is part of a pattern over the last year where Vattuone has sold 275,948 shares with no purchases. The stock is currently trading at $8.03, which is significantly overvalued compared to its GuruFocus Value of $5.78, indicating a price-to-GF-Value ratio of 1.39.
ONTF SEC Filings - ON24 INC 10-K, 10-Q, 8-K Forms
This page provides access to ON24 (ONTF) SEC filings including 10-K, 10-Q, and 8-K forms, offering investors detailed regulatory disclosures. It highlights key events such as quarterly financial results, strategic alternatives including a potential acquisition by Cvent, and insider trading activities. The platform also offers AI-powered summaries of these filings to help users understand their significance.
ON24 (NYSE:ONTF) CRO Sells $162,418.77 in Stock
ON24's CRO, James Blackie, sold 20,277 shares of ONTF stock for $162,418.77 on March 2nd, reducing his stake by 4.02%. The stock is currently trading around $8.02, with a "Reduce" consensus rating from analysts and institutional investors holding 83.93% of the shares. Blackie has made several other sales recently, and institutional ownership remains high with various funds increasing their positions.
ON24 (ONTF) EVP Jayesh Sahasi gets 29,560‑share award, sells 21,617
Jayesh Sahasi, EVP, Product and CTO of ON24 Inc. (ONTF), received a stock award of 29,560 shares and subsequently sold 21,617 shares. The sale was executed on March 2, 2026, under a pre-arranged Rule 10b5-1 trading plan to cover tax withholding obligations related to restricted stock units. After these transactions, Sahasi directly holds 680,794 shares of ON24 common stock.
On24 CFO Vattuone sells $183k in shares
On24 CFO Steven Vattuone sold 22,884 shares of common stock for approximately $183,332 to cover tax withholding obligations. This sale occurred near the stock's 52-week high, following a 47% return in six months, and was executed under a Rule 10b5-1 trading plan. Separately, ON24 Inc. is being acquired by Cvent for about $400 million, with shareholders receiving $8.10 per share.
ON24 (ONTF) CFO sells shares to cover tax withholding obligations
ON24 Inc. CFO Steven Vattuone sold 22,884 shares of common stock at a weighted average price of $8.0114 on March 2, 2026, to cover tax withholding obligations related to vesting restricted stock units. This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan. Prior to this, on February 26, 2026, Vattuone received a grant of 27,673 shares at no cost.
ON24 (ONTF) CEO gets 125,787-share award, sells 15,679 for taxes
ON24 (ONTF) CEO Sharan Sharat received a grant of 125,787 shares of common stock on February 26, 2026. He subsequently sold 15,679 shares on March 2, 2026, at a weighted-average price of $8.0114 an action primarily taken to cover tax withholding obligations related to restricted stock unit vesting, per a Rule 10b5-1 trading plan. After these transactions, Sharat directly owns 3,735,683 shares of ON24 common stock.
ON24 (ONTF) Chief Revenue Officer logs stock grant and planned sale
ON24 Inc.'s Chief Revenue Officer, James Blackie, reported receiving a grant of 25,157 shares at $0.00 each on February 26, 2026. Subsequently, on March 2, 2026, he sold 20,277 shares at a weighted average price of $8.0114 per share under a 10b5-1 trading plan to cover tax withholding obligations. Following these transactions, Blackie directly holds 484,052 shares of ON24 common stock.
William Blair Maintains ON24 Inc(ONTF.US) With Hold Rating
William Blair analyst Arjun Bhatia has maintained a "Hold" rating for ON24 Inc (ONTF.US). Bhatia's track record shows a 35.8% success rate and an average return of -7.9% over the past year, according to TipRanks data. This rating is provided for informational purposes and is not an investment recommendation.
ON24 targets higher conversion as marketers connect engagement to pipeline
ON24 is shifting its marketing focus beyond just registrations to emphasize conversion, personalization, and post-event activation. The company aims to help marketers directly connect audience engagement to sales pipeline and measurable business outcomes. This strategy reflects a growing industry trend where marketers seek higher conversion rates and clear ties between interactions and financial results.
ON24’s AI annual recurring revenue jumps 66% in Q4 2025
ON24 (NYSE: ONTF) announced strong fourth quarter and full year 2025 financial results, exceeding guidance for revenue and reporting its best annual recurring revenue (ARR) performance of the year, reaching $124 million. The company's AI ARR specifically saw a significant 66% year-over-year increase, with over 20% of customers utilizing their AI offerings. These results come amidst a proposed acquisition of ON24 by Cvent.
ON24: Fourth Quarter Financial Overview
ON24 Inc. reported a net loss of $6.5 million, or $0.15 per share, for the fourth quarter, with adjusted earnings reaching $0.05 per share. The company generated $34.6 million in revenue for the quarter and a total annual loss of $28.9 million, or $0.68 per share, on $139.3 million in annual revenue. This financial overview was produced by Automated Insights using data from Zacks Investment Research.
