ON24 Shares Gain On Sanctioning $50M Share Buyback Program

by Anusuya Lahiri, Benzinga Editor
December 2, 2021 12:37 PM | 22 seconds read |
  • Cloud-based hybrid engagement platform ON24 Inc's ONTF board authorized a share repurchase program of up to $50 million.
  • The repurchase program has an 18-month term, and ON24 expects repurchases under the program to extend over multiple quarters.
  • ON24 held $399.7 million in cash and equivalents as of September 30.
  • Price Action: ONTF shares traded higher by 7.63% at $16.36 on the last check Thursday.
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