Form 4: ON24 Inc. Acquisition by Cvent Atlanta Finalized

ON24 Inc. has completed its merger with Cvent Atlanta, LLC, resulting in the cancellation of all outstanding common stock and options.

Summary

• ON24 Inc. completed a merger with Cvent Atlanta, LLC on April 1, 2026.
• All outstanding shares of ON24 common stock were canceled and converted into the right to receive $8.10 per share in cash.
• Outstanding stock options were canceled and converted into the right to receive cash equal to $8.10 minus the exercise price per share.
• Steven Vattuone, CFO, reported the disposition of 511,936 shares and 100,000 stock options as part of the merger transaction.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents the final administrative step of a previously announced merger 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 as it is now a wholly-owned subsidiary of Cvent Atlanta, LLC.

Risks

• The company is no longer a standalone public entity, eliminating future public market participation for investors.

Future Outlook

The company is now a wholly-owned subsidiary of Cvent Atlanta, LLC, and no further public guidance or forward-looking statements will be provided by ON24 as an independent entity.

Management Comments

• The transaction was executed pursuant to the Agreement and Plan of Merger dated December 29, 2025.

Industry Context

StockSavvy.ai notes that this acquisition represents a consolidation in the digital experience and webinar software space, as Cvent continues to expand its footprint in event management technology.

Comparison to Industry Standards

• The acquisition price of $8.10 per share reflects the valuation agreed upon by the parties in the December 2025 merger agreement.
• This transaction follows a trend of private equity or strategic acquisition of mid-cap SaaS companies in the event-tech sector.

Legal Proceedings

• The transaction was completed under the terms of the Agreement and Plan of Merger dated December 29, 2025.

Stakeholder Impact

• Shareholders have been cashed out at $8.10 per share.
• Employees and management are now part of the Cvent organization.

Next Steps

• Delisting of ON24 common stock from public exchanges.
• Integration of ON24 operations into Cvent Atlanta, LLC.

Key Dates

Keywords

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