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ON24 ( (ONTF) ) has issued an announcement.
On December 29, 2025, ON24, Inc. agreed to be acquired by Cvent-affiliated entity Cvent Atlanta, LLC, under a definitive merger agreement that will see ON24 merge with a Cvent subsidiary and become a wholly owned unit of the buyer. The all-cash deal values ON24 at $8.10 per share and includes detailed treatment for stock options, restricted stock units and employee stock purchase plan rights, effectively cashing out vested awards and converting unvested equity into restricted cash awards that mirror prior vesting terms. The transaction, backed by committed equity financing from Blackstone-affiliated funds and supported by major shareholders holding about 39% of ON24’s stock, is subject to customary conditions including antitrust and foreign investment clearances, a minimum cash balance of $107 million by the earlier of June 30, 2026 or closing, and approval by a majority of shareholders. The agreement includes no-shop and termination-fee provisions for both sides, underscoring the board’s commitment to the deal and signaling a significant strategic shift for ON24 as it prepares to transition from a public company to private ownership under the Cvent and Blackstone umbrella, with material implications for existing shareholders and equity-compensated employees.
The most recent analyst rating on (ONTF) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on ON24 stock, see the ONTF Stock Forecast page.
Spark’s Take on ONTF Stock
According to Spark, TipRanks’ AI Analyst, ONTF is a Neutral.
ON24’s overall stock score reflects a mix of financial challenges and positive strategic developments. The company’s strong technical indicators and positive earnings call sentiment are offset by valuation concerns and ongoing profitability issues. Strategic partnerships and AI initiatives provide a positive outlook, but financial performance remains a significant risk.
To see Spark’s full report on ONTF stock, click here.
More about ON24
ON24, Inc. is a Delaware-based company that provides digital engagement and virtual event solutions, with its business centered on serving enterprise customers through online experiences and related software-driven services.
Average Trading Volume: 160,216
Technical Sentiment Signal: Hold
Current Market Cap: $247.8M
For an in-depth examination of ONTF stock, go to TipRanks’ Overview page.