Form 4: ON24 Acquired by Cvent for $8.10 Per Share

Director Anthony Zingale reports the cancellation and conversion of ON24 common stock following the company's acquisition by Cvent.

Summary

• ON24, Inc. has completed its merger with Cvent Atlanta, LLC.
• The merger, effective April 1, 2026, resulted in the company becoming a wholly-owned subsidiary of Cvent.
• Each outstanding share of ON24 common stock was canceled and converted into the right to receive $8.10 per share in cash.
• Reporting person Anthony Zingale disposed of 137,265 shares as part of this transaction.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents the standard conclusion of a previously announced merger agreement.

Positives

• Shareholders received a cash payout of $8.10 per share upon the completion of the merger.

Negatives

• The company has ceased to be an independent publicly traded entity.

Risks

• No ongoing risks as the company is now a private subsidiary.

Future Outlook

The company is now a wholly-owned subsidiary of Cvent, and no further public financial guidance or outlook will be provided by ON24 as a standalone entity.

Industry Context

StockSavvy.ai notes that this acquisition represents a consolidation in the event marketing and webinar software space, as Cvent absorbs a key competitor to bolster its platform capabilities.

Comparison to Industry Standards

• The acquisition price reflects the final valuation agreed upon by the board and the acquirer, consistent with standard M&A exit procedures for mid-cap SaaS companies.

Stakeholder Impact

• Shareholders have been cashed out at the agreed merger price.
• Employees and customers transition to the Cvent corporate structure.

Next Steps

• Delisting of ON24 common stock from public exchanges.

Key Dates

Keywords

ON24, Cvent, Merger, Acquisition, ONTF, Takeover