Tranche Update on ON24, Inc.'s Equity Buyback Plan announced on February 9, 2023.
August 09, 2023 at 04:11 pm EDT
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From April 1, 2023 to August 2, 2023, the company has repurchased 4,040,971 shares, representing 8.63% for $34 million. With this, the company has completed the repurchase of 4,793,900 shares, representing 10.21% for $40.01 million under the buyback announced on February 9, 2023.
ON24, Inc. provides a cloud-based intelligent engagement platform that combines experiences with personalization and content, to enable sales and marketing organizations to capture and act on connected insights at scale. The Company's platformâs portfolio of interactive and personalized digital experience products creates and captures actionable, real-time data from professionals every month to provide businesses with buying signals and behavioral insights to convert prospects into customers. Its portfolio of ON24 Experience products include ON24 Elite, a live, interactive webinar experience; ON24 Forum, a live, interactive experience that facilitates video-to-video interaction between presenters and audiences; ON24 Engagement Hub, an always-on, rich multimedia content experience, and ON24 Target, a personalized and curated, rich multimedia content experience. Its ON24 Experience products are backed by its solutions, including ON24 Intelligence, and ON24 Services & Platform Support.