TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Why Is ON24 Stock Soaring Tuesday?

Benzinga Logo Benzinga By Lekha Gupta
Why Is ON24 Stock Soaring Tuesday?

ON24 Inc. stock surged 36.67% after announcing a definitive agreement to be acquired by Cvent in an all-cash transaction valued at approximately $400 million. ON24 shareholders will receive $8.10 per share, representing a 62% premium to the stock's closing price on November 10, 2025. The transaction is expected to close in the first half of 2026, subject to shareholder approval and regulatory clearances.

Insights
ONTF   positive

Stock surged 36.67% following announcement of acquisition at $8.10 per share, representing a significant 62% premium to previous closing price. The deal provides shareholders with immediate liquidity at an attractive valuation.