M&A
confidence high
sentiment neutral
materiality 1.00
ON24 acquired by Cvent affiliates for $8.10 per share; merger completed April 1, 2026
ON24 INC.
- Shareholders receive $8.10 per share in cash; aggregate purchase price approximately $400 million.
- Stock delisted from NYSE; trading halted prior to market open on April 1, 2026.
- Board of directors replaced; new directors appointed: Rajeev K. Aggarwal, Katherine Mary Wagner, Charles V. Ghoorah.
- Company becomes wholly-owned subsidiary of Cvent; equity plans and prior loan agreement terminated.
- Prior directors (Teresa Anania, Anil Arora, Ron Mitchell, Cynthia Paul, etc.) resigned effective at closing.