---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-337276"
form_type: "8-K"
ticker: null
cik: "0001110611"
company_name: "ON24 INC."
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T11:57:31.843431+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-25-337276
- form_type: 8-K
- cik: 0001110611
- company_name: ON24 INC.
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1110611/000119312525337276/0001193125-25-337276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1110611/000119312525337276/d33424d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-337276
- JSON: https://secwatch.observer/filing/0001193125-25-337276.json
- Plain text: https://secwatch.observer/filing/0001193125-25-337276.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110611/000119312525337276/0001193125-25-337276-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.