ON24 agrees to be acquired by Cvent affiliate for $8.10 per share in cash

ON24 INC.

All outstanding shares will be converted into $8.10 cash per share, valuing the equity at ~$8.10/ share.
Transaction requires stockholder approval; supporters owning ~39% of shares have agreed to vote in favor.
Closing conditions include HSR/CFIUS clearance, no material adverse effect, and ON24 holding at least $107M cash at close.
Termination fee: $22M payable to ON24 if deal blocked by antitrust; $12M payable to buyer if ON24 accepts superior proposal.
Financing committed by funds affiliated with Blackstone Inc.; expected close by December 29, 2026 (extendable to March 2027).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ON24 INC. entered into Agreement and Plan of Merger with Cvent Atlanta, LLC and Summit Sub Corp. valued at $8.10 per share (effective 2025-12-29).

Action: entry
Agreement: merger
Counterparty: Cvent Atlanta, LLC and Summit Sub Corp.
Value: $8.10 per share
Effective: 2025-12-29

Exact text from the filing

On December 29, 2025, ON24, Inc., a Delaware corporation (the “ Company ” or “ ON24 ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Cvent Atlanta, LLC, a Delaware limited liability company (“ Parent ”), and Summit Sub Corp., a Delaware corporation and wholly-owned subsidiary of Parent (“ Merger Sub ”).

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Source: SEC EDGAR

accession 0001193125-25-337276

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