secwatch.observer — SEC 8-K summary
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Issuer:     ON24 INC. (—)
CIK:        0001110611
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001193125-25-337276
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110611/000119312525337276/0001193125-25-337276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110611/000119312525337276/d33424d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-337276

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer