ON24 Files Definitive Proxy for All-Cash Acquisition by Cvent at $8.10 Per Share
ONTF sits 82% above its 52-week low of $4.352.
Summary
ON24 has filed its definitive proxy statement for the all-cash acquisition by Cvent Atlanta, LLC for $8.10 per share, with a special shareholder meeting scheduled for March 26, 2026.
Key Events · M&A and Partnerships · ONTF
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Merger Agreement Details
ON24 is set to be acquired by Cvent Atlanta, LLC for $8.10 per share in an all-cash transaction, finalizing terms of the offering initiated on December 29, 2025.
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Shareholder Vote Scheduled
A special meeting is scheduled for March 26, 2026, for shareholders to vote on the adoption of the merger agreement.
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Board & Shareholder Support
The ON24 Board unanimously recommends the merger, and key shareholders representing approximately 37% of outstanding common stock have signed voting agreements in favor.
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Financing & Regulatory Certainty
The acquisition is supported by a $375 million equity commitment from Blackstone affiliates, with no financing condition. The HSR waiting period was terminated early on February 13, 2026, and CFIUS clearance is expected by March 17, 2026.
Analysis · ONTF · Technology
This filing provides the definitive terms for the all-cash acquisition of ON24 by Cvent Atlanta, LLC, an affiliate of Cvent, Inc. and Blackstone, for $8.10 per share. The offer represents a significant premium to ON24's stock price prior to the initial disclosure of acquisition interest. The unanimous board recommendation and voting agreements from major shareholders (37% of outstanding stock) significantly increase the likelihood of shareholder approval. The deal is further de-risked by committed equity financing and the early termination of the HSR waiting period, as previously disclosed on February 19, 2026. This transaction offers immediate, certain value to ON24 shareholders.
How filings like this one have moved
In the 30 days to Sep 23, 2026, 39.7% of the 353 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.30%. 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, ONTF was trading at $7.94 on NYSE in the Technology sector, with a market capitalization of approximately $337.3M. The 52-week trading range was $4.35 to $8.10. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.