Form 4: ON24 Acquired by Cvent in $8.10 Per Share Merger

Director Dominique Trempont reports the cancellation and conversion of ON24 equity holdings following the company's acquisition by Cvent.

Summary

• ON24, Inc. has completed its merger with Cvent Atlanta, LLC and Summit Sub Corp.
• As of April 1, 2026, ON24 became a wholly-owned subsidiary of Cvent.
• Common stock shares were canceled and converted into the right to receive $8.10 per share in cash.
• Outstanding stock options were canceled and converted into cash payments based on the $8.10 per share price minus the respective exercise prices.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents the final administrative step of a previously announced acquisition rather than new operational performance data.

Positives

• Shareholders received a definitive 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 following the merger completion.

Risks

• No ongoing risks as the company has been acquired and delisted.

Future Outlook

The company is now a wholly-owned subsidiary of Cvent, and no further independent public guidance or outlook will be provided.

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 valuation agreed upon by the parties in the December 2025 merger agreement.
• The transaction follows a trend of private equity and strategic consolidation within the SaaS and event-tech sectors.

Stakeholder Impact

• Shareholders have been cashed out of their positions.
• Employees and customers transition to the Cvent corporate structure.

Next Steps

• Final delisting of ONTF ticker from public exchanges.

Key Dates

Keywords

ON24, Cvent, Merger, Acquisition, ONTF, Form 4, Delisting