secwatch.observer — SEC 8-K summary
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Issuer:     DOMO, INC. (DOMO)
CIK:        0001505952
Form:       8-K
Filed at:   2026-07-22T20:23:52+00:00
Accession:  0001104659-26-085819
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505952/000110465926085819/0001104659-26-085819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505952/000110465926085819/tm2620768d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-085819

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