Shareholder Alert: The Ademi Firm investigates whether ON24, Inc. is obtaining a Fair Price for its Public Shareholders

Core Viewpoint - The Ademi Firm is investigating ON24 for potential breaches of fiduciary duty and other legal violations related to its transaction with Cvent, which involves a significant financial consideration for shareholders [1][2]. Group 1: Transaction Details - ON24 shareholders are set to receive $8.10 per share, amounting to a total consideration of approximately $400 million [2]. - The transaction includes substantial benefits for ON24 insiders as part of change of control arrangements [2]. Group 2: Investigation Focus - The investigation is centered on the ON24 board of directors' conduct and whether they are fulfilling their fiduciary duties to all shareholders [2]. - The transaction agreement imposes significant penalties on ON24 if it accepts competing bids, which raises concerns about the limitations on competing transactions [2].