---
title: "Why Is ON24 Stock Soaring Tuesday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271124640.md"
description: "ON24, Inc. (NYSE: ONTF) stock surged 36.67% to $8.00 after announcing its acquisition by Cvent for $400 million in cash, offering shareholders $8.10 per share, a 62% premium over its last closing price. The deal, approved by ON24's board, is expected to close in the first half of 2026, pending regulatory and shareholder approvals. This acquisition aims to enhance digital engagement capabilities by combining ON24's platform with Cvent's technology, marking a significant transition for ON24 as it will become a privately held company post-transaction."
datetime: "2025-12-30T15:39:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271124640.md)
  - [en](https://longbridge.com/en/news/271124640.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271124640.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/271124640.md) | [繁體中文](https://longbridge.com/zh-HK/news/271124640.md)


# Why Is ON24 Stock Soaring Tuesday?

**ON24, Inc.** (NYSE:ONTF) stock surged Tuesday after the company announced it had entered into a definitive agreement to be acquired by **Cvent** in an all-cash transaction valued at approximately $400 million.

## Details

Under the agreement, ON24 shareholders will receive $8.10 per share in cash.

The offer represents a premium of about 62% to ON24’s closing price on November 10, 2025, the last trading day before the company disclosed it had received multiple acquisition approaches. The price also reflects a 51% premium to ON24’s 90-day volume-weighted average price.

The transaction has been unanimously approved by ON24’s board of directors and is expected to close in the first half of 2026, subject to shareholder approval, regulatory clearances, and customary closing conditions.

Once completed, ON24 will no longer be publicly listed and will operate as a privately held company.

## Strategic Rationale

The deal combines ON24’s enterprise-grade webinar and digital engagement platform with Cvent’s meetings, events, and hospitality technology.

The companies said the combination strengthens their ability to support increasingly digital and complex buyer journeys across marketing, sales, customer success, and events.

“We are pleased to announce this transformative transaction which marks an important new chapter for ON24,” said **Sharat Sharan**, co-founder, Chairman and CEO of ON24. “We’re proud of our global, AI-powered, intelligent engagement platform which enables enterprises to effectively interact with their customers.”

**Reggie Aggarwal**, Founder and CEO of Cvent, said, “ON24 has earned the trust of enterprise organizations and marketers by delivering reliable, outcome-driven digital engagement.”

**ONTF Price Action:** On24 shares were up 36.67% at $8.00 at the time of publication on Tuesday, according to Benzinga Pro data.

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_Photo via Shutterstock_

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