SCHEDULE: ON24 Inc. Merger Completed, Stock Delisted

ON24 Inc. has completed its merger with Cvent Atlanta, LLC, resulting in the delisting of its common stock from the NYSE and a cash payout of $8.10 per share.

Summary

• This filing is an amendment to a Schedule 13D, reporting on the completion of the merger between ON24 Inc. (the Issuer) and Cvent Atlanta, LLC (Parent) through Summit Sub Corp. (Merger Sub).
• The merger became effective on April 1, 2026.
• As of the effective time, each outstanding share of ON24 Inc. common stock was canceled and converted into the right to receive $8.10 in cash per share.
• This also applies to outstanding restricted stock units, including those held by Cynthia Paul.
• Following the merger, ON24 Inc. common stock ceased trading on the New York Stock Exchange (NYSE) before the market opened on April 1, 2026.
• The company's stock is now eligible for delisting from the NYSE and termination of registration under the Exchange Act.
• The reporting persons, Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul, no longer beneficially own any shares of ON24 Inc. common stock as of April 1, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting on the completion of a pre-announced merger and the subsequent delisting, with no new material financial or strategic information beyond the transaction terms.

Positives

• Shareholders received a cash payout of $8.10 per share, providing a definitive exit value.
• The merger provides a clear resolution for shareholders and the company's public trading status.

Negatives

• The common stock of ON24 Inc. has ceased trading and will be delisted from the NYSE, ending its status as a publicly traded company.
• Shareholders will no longer have the opportunity to participate in the future growth or potential upside of ON24 Inc. as a standalone entity.

Risks

• The delisting from the NYSE may reduce liquidity for any remaining shareholders or those who held shares until the effective date.
• The transition to a wholly-owned subsidiary of Parent may involve integration challenges and potential changes in business strategy or operations.

Future Outlook

The future outlook for ON24 Inc. is now as a wholly-owned subsidiary of Cvent Atlanta, LLC. Its status as a publicly traded entity has concluded.

Industry Context

StockSavvy.ai notes that the completion of this merger signifies a consolidation trend within the event technology and engagement software sector, where companies are often acquired to achieve scale or integrate complementary services.

Stakeholder Impact

• Shareholders: Received $8.10 per share in cash, realizing their investment but losing future equity participation.
• Employees: May experience changes in employment terms, benefits, and reporting structures under new ownership.
• Creditors: The merger terms and continued operations under Cvent will dictate ongoing creditor relationships and obligations.
• Suppliers: Business relationships and payment terms may be subject to review and potential changes under the new corporate structure.

Next Steps

• Delisting of ON24 Inc. common stock from the New York Stock Exchange.
• Termination of registration of ON24 Inc. common stock pursuant to the Exchange Act.
• Integration of ON24 Inc. into Cvent Atlanta, LLC as a wholly-owned subsidiary.

Key Dates

Keywords

ON24 Inc., Merger, Cvent Atlanta, LLC, Schedule 13D, SEC Filing, Delisting, Cash Payout, Corporate Action, Acquisition