ON24 Files Definitive Proxy for All-Cash Acquisition by Cvent at $8.10 Per Share

summarizeSummary

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.

check_boxKey Events

• 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.

• Shareholder Vote Scheduled

  A special meeting is scheduled for March 26, 2026, for shareholders to vote on the adoption of the merger agreement.

• 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.

• 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.

auto_awesomeAnalysis

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.