OneStream Completes Go-Private Acquisition and Nasdaq Delisting

Onestream, Inc. Class A ( (OS) ) just unveiled an update.

On the closing date of its go-private transaction, OneStream, Inc. Class A entered into a new credit agreement providing a $1.4 billion seven-year senior secured term loan, a $250 million seven-year revolving credit facility and a $600 million delayed draw term loan, all guaranteed by certain domestic subsidiaries and secured by substantially all of their assets. Concurrently, the company prepaid and terminated its prior credit agreement, while amending and restating governance documents for its surviving entities, including updated LLC agreement, certificate of incorporation and bylaws.

As part of a series of mergers culminating on April 1, 2026, each share of OneStream Class A and Class D common stock and each OneStream LLC unit was converted into the right to receive $24 in cash, while Class B and Class C shares were converted at $0.0001 per share, and equity awards were cashed out or converted into cash-based awards subject to existing vesting terms. Following completion of the $6.4 billion all-cash acquisition by private equity firm Hg, with minority investors General Atlantic and Tidemark, OneStream’s Class A stock ceased trading on Nasdaq, the company initiated delisting and deregistration steps, and existing CEO Tom Shea and his leadership team remained in place as the now privately held firm pursues accelerated Finance AI innovation and global expansion.

On the closing date, OneStream notified Nasdaq of the consummation of the mergers, resulting in an immediate suspension of trading in its Class A stock ahead of market open and a request to file for delisting and deregistration with the SEC. The transaction, which was approved by shareholders and received required regulatory clearances, entitles shareholders to receive $24 per share in cash under the terms of the merger agreement and aligns OneStream with investors focused on scaling category-leading finance and AI platforms.

The most recent analyst rating on (OS) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on Onestream, Inc. Class A stock, see the OS Stock Forecast page.

Spark’s Take on OS Stock

According to Spark, TipRanks’ AI Analyst, OS is a Neutral.

The score is driven primarily by improving fundamentals (strong gross margins, meaningful positive free cash flow, and low leverage) and supportive technical momentum. The take-private agreement at $24.00/share adds a favorable value anchor, while ongoing net losses and a negative P/E weigh on the valuation component.

To see Spark’s full report on OS stock, click here.

More about Onestream, Inc. Class A

OneStream is a Birmingham, Michigan-based provider of an enterprise finance management platform that modernizes the Office of the CFO by unifying financial close, consolidation, reporting, planning and forecasting in a comprehensive cloud-based system. Serving more than 1,800 customers, including 18% of the Fortune 500, the company embeds AI into its Digital Finance Cloud to support modern finance operations and aims to be the operating system for modern finance.

Backed by a strong ecosystem of go-to-market, implementation and development partners, OneStream employs around 1,600 people and targets global enterprises seeking to integrate financial and operational data for better planning and decision-making. Its platform is positioned at the center of the fast-growing Finance AI segment, where it leverages extensible architecture to let customers scale and adapt solutions as business needs evolve.

Average Trading Volume: 4,522,387

Technical Sentiment Signal: Buy

Current Market Cap: $6.04B

Learn more about OS stock on TipRanks’ Stock Analysis page.