Domo Completes $400M Sale to Progress Software, Becomes Huckleberry.ai with $221M Cash
DOMO has more than doubled off its 52-week low of $1.84.
Summary
Domo completed its $400 million asset sale to Progress Software, receiving approximately $221 million in cash after adjustments. The company is now debt-free, renamed Huckleberry.ai, and will trade as HUCK starting September 24, 2026.
Key Events · M&A and Partnerships · DOMO
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Asset Sale to Progress Software Completed
Domo closed the sale of substantially all of its assets and employees to Progress Software for $400 million on September 22, 2026, retaining its NOL carryforwards and public listing.
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Final Cash Proceeds of $221 Million
After purchase price adjustments, warrant repurchase, and other adjustments, the company received approximately $221.0 million in cash — equivalent to approximately $4.46 per share.
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Warrant Repurchase and Debt Termination
The company repurchased all outstanding warrants issued in February and August 2024 for approximately $10.0 million and terminated its Amended and Restated Loan and Security Agreement, discharging all borrowings and releasing all liens.
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Name Change to Huckleberry.ai and New Ticker
The company changed its name to Huckleberry.ai, Inc. and will begin trading on Nasdaq under the ticker HUCK effective September 24, 2026, replacing DOMO.
Analysis · DOMO · Technology
The asset sale to Progress Software closed on September 22, 2026, transforming Domo into a debt-free shell company with approximately $221 million in cash and over $900 million in NOL carryforwards. The company repurchased all outstanding warrants for $10 million, terminated its credit facility, and will begin trading as HUCK on September 24, 2026. This is the culmination of a transaction announced in July 2026 that fundamentally changes the company's business — it no longer operates its core data platform business and is now a publicly traded vehicle evaluating opportunities to deploy capital or return it to stockholders.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 45.4% of the 295 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.48%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DOMO was trading at $3.85 on NASDAQ in the Technology sector, with a market capitalization of approximately $174M. The 52-week trading range was $1.84 to $18.49. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.