Domo Details $400M Asset Sale to Progress Software, Shareholder Approval Secured
DOMO has more than doubled off its 52-week low of $1.84 on light trading volume (0.2× avg).
Summary
Domo's asset sale to Progress Software for $400 million is fully detailed, with shareholder approval already secured and a poison pill adopted to protect NOLs.
Key Events · M&A and Partnerships · DOMO
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Asset Sale Terms Finalized
Domo will sell substantially all assets to Progress Software for $400 million, subject to a $25 million minimum cash adjustment and assumption of certain liabilities.
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Shareholder Approval Secured
Majority stockholders Cocolalla, LLC and Joshua G. James, holding 75.7% voting power, delivered written consent on July 22, 2026, making the deal irrevocable.
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NOL Preservation Plan
Domo adopted a Tax Benefits Preservation Plan with a 4.9% trigger to protect over $900 million in NOLs, which the company intends to monetize post-closing.
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Expected Net Cash Per Share
After adjustments and expenses, Domo expects to retain approximately $246 million in net cash, equivalent to $4.84 per share based on fully diluted shares.
Analysis · DOMO · Technology
Domo's preliminary information statement reveals the mechanics of its $400 million asset sale to Progress Software. Majority stockholders holding 75.7% voting power have already approved the deal via written consent, eliminating any shareholder vote. The company will retain over $900 million in NOLs and expects to keep approximately $246 million in net cash, equivalent to $4.84 per share. A poison pill with a 4.9% trigger protects those NOLs. The deal is expected to close before November 30, 2026, pending HSR clearance.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 37.2% of the 999 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.80%. 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 $3.92 on NASDAQ in the Technology sector, with a market capitalization of approximately $184.4M. The 52-week trading range was $1.84 to $18.49. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.