Domo sells AI and Data Platform Business to Progress Software for ~$400M

DOMO, INC.

Purchase price ~$400M, subject to adjustments for cash below $25M and outstanding indebtedness.
Domo retains NOL carryforwards; board adopted Tax Benefits Preservation Plan to protect NOLs.
Majority stockholders (Cocolalla, LLC and Joshua James) executed written consent; no further stockholder vote required.
Closing conditions include HSR waiting period expiration and SEC information statement; no financing condition.
Termination fee of $13.5M payable by Domo under specified circumstances, including competing proposals.

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