==ON24 (ONTF) to be acquired by Cvent for $400 million in an all-cash deal

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 437
• Headquartered in San Francisco, California
• https://www.on24.com

 

ON24, Inc. has entered into a definitive agreement to be acquired by Cvent

• The agreement reflects an all-cash transaction for a total consideration of approximately $400 million.
  
• The proposed transaction brings together two complementary platforms serving enterprise marketers and event professionals. ON24's reliable and secure enterprise-grade webinar and digital engagement capabilities, first party engagement data, and AI-powered workflows complement Cvent's robust event technology offerings. With a full suite of solutions that power high-impact digital and in-person experiences, Cvent and ON24 are well positioned to support marketing, sales, customer success and event teams as buying journeys become more digital and complex.
  
• Under the terms of the agreement, ON24 shareholders will receive $8.10 per share in cash, representing a premium of approximately 62% over ON24's closing share price on November 10, 2025, the last trading day prior to ON24's disclosure that it had received several indications of interest regarding a potential transaction and a 51% premium to ON24's 90-day volume weighted average price.
• The proposed transaction, which has been unanimously approved by the ON24 Board of Directors, is expected to close in the first half of 2026, subject to approval by ON24 shareholders, the satisfaction of regulatory approvals, and other customary closing conditions. Upon completion of the transaction, ON24's common stock will no longer be publicly listed, and ON24 will become a privately held company.

Upcoming IPOs

  

Recent IPOs

 

Examples of companies that went public through SPAC mergers

Here are some notable examples of companies that went public through SPAC mergers, particularly from the peak years of 2020–2023 when SPACs were highly popular as an alternative to traditional IPOs:

• DraftKings (DKNG) — Merged in April 2020 with Diamond Eagle Acquisition Corp. One of the early success stories in online sports betting and gaming.
• Virgin Galactic (SPCE) — Merged in 2019 (trading began post-merger) with Social Capital Hedosophia Holdings. Richard Branson's space tourism company, often cited as a high-profile SPAC debut.
• Trump Media & Technology Group (DJT) — Merged in March 2024 with Digital World Acquisition Corp. Operator of Truth Social; gained significant attention due to its association with former President Donald Trump.
• Lucid Motors (LCID) — Merged in July 2021 with Churchill Capital Corp IV. Luxury electric vehicle manufacturer, positioned as a Tesla competitor.
• Opendoor (OPEN) — Merged in 2020 with Social Capital Hedosophia Holdings II. Real estate tech platform for buying and selling homes online.
• Clover Health (CLOV) — Merged in 2021 with Social Capital Hedosophia Holdings III. Medicare Advantage insurance provider using tech and data.
• Nikola (NKLA) — Merged in June 2020 with VectoIQ Acquisition Corp. Electric and hydrogen truck company (faced challenges post-merger).
• SoFi (SOFI) — Merged in June 2021 with Social Capital Hedosophia Holdings V. Fintech company offering banking, investing, and lending services.

SPAC mergers surged in 2020–2021, allowing companies to go public faster and with more valuation flexibility than traditional IPOs, though many post-merger stocks underperformed amid market shifts and higher redemptions.

Medtronic (MDT) spin-off MiniMed files for IPO

The company, which makes medical technology for diabetes patients, filed to go public with the Securities and Exchange Commission on Friday. It did not say how many shares it would offer or at what price.

 

• Medtronic will own at least 80.1% of the voting stock for MiniMed once the IPO is complete

The Medtronic Diabetes business (MiniMed) quarterly performance
Medtronic reported $721 million in revenue for the Diabetes business, growing 11.5% on a reported basis.

The company’s MiniMed 780G automated insulin delivery system and Simplera Sync sensor drove growth in international markets.

The company expects accelerated performance with the launch of Simplera Sync, plus the Instinct sensor developed in collaboration with Abbott. Martha said this partnership brings Abbott’s most advanced continuous glucose monitor (CGM) platform to Medtronic customers.

 

The MiniMed™ 780G system automatically  adjusts insulin delivery and corrects glucose levels every 5 minutes 24/7, requiring no finger pricks.
 

==Beneficient (BENF) : 2-year performance

•  The first day of trading for Beneficient (BENF) in 2023 was on June 7, 2023. On this day, Beneficient completed its business combination with Avalon Acquisition, Inc., and changed its name to Beneficient. 

New board chairman appointment fueled 26.29% intraday surge.

The appointment of Peter T. Cangany Jr., a seasoned financial executive and former EY partner with over 40 years in accounting and audit leadership, as chairman effective December 15, 2025, was announced on December 17. This move replaced the late Thomas O. Hicks and signaled strengthened governance amid the company's efforts to stabilize operations. Traders reacted positively in early trading on December 18, extending momentum from the prior day's 19% gain, which followed the 1-for-8 reverse stock split implemented on December 15 to regain Nasdaq compliance. Volume spiked modestly, reflecting retail interest in the leadership refresh as a step toward resolving prior compliance and reporting issues.

About Beneficient

Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds – with solutions that could help them unlock the value in their alternative assets. Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

www.trustben.com

==Climb Bio (CLYM) : 4-year performance

 

RA Capital exchange agreement ignited multi-day rally extending into 27% gain today.

• The stock's sharp rise stems from a December 11, 2025, exchange agreement with RA Capital Management, where the investor swapped 20.44 million common shares for pre-funded warrants exercisable at a nominal price, signaling strong backing without immediate dilution. This filing, reported via SEC Form 8-K, triggered a 30.43% jump on December 12, with momentum building over subsequent days amid high volume exceeding 8 million shares. Today's movement amplifies this, as traders react to the deal's implications for sustained funding through 2027 and upcoming 2026 clinical readouts for budoprutug and CLYM116 in immune diseases, per recent analyst coverage. No new filings emerged today, but the prior event's positive sentiment persists.

Ambitions Enterprise Management (AHMA) : 6-week performance

Ambitions Enterprise Management Co. LLC operates as a travel agency. It provides event planning and management services. The firm also offers transportation, accommodations, meals, and guided tours or activities under convenient packages. 

• Sector: Consumer Cyclical
• Industry: Travel Services
• Full Time Employees: 43
• Founded  in 2023 
• HQ in Dubai, the United Arab Emirates

The stock experienced a significant decline during regular trading hours on December 5, 2025, amid heightened volatility typical for a recent IPO. Trading was halted briefly around 9:55 AM ET due to rapid price swings, resuming shortly after, which exacerbated the downward move. This follows a pattern of sharp fluctuations, including a 12.23% drop on December 4 and prior surges tied to subsidiary appointments for global events announced late last week. No new announcements or external events appear to have triggered the move, pointing to profit-taking and thin liquidity in this UAE-based MICE firm's shares. Volume spiked to over 1 million shares, amplifying the intraday plunge based on available reports.

=========

As a UAE-based MICE (meetings, incentives, conferences, and exhibitions) and tourism services provider, the Company serves a global client base by delivering expert event management and seamless, one-stop travel solutions. Guided by an experienced management team and supported by partnerships across the tourism and hospitality industries in the Middle East, Europe, Africa, and the Americas, the Company executes large-scale events for clients from diverse sectors. Additionally, the Company manages bespoke travel experiences, providing a one-stop guided tour service that streamlines travel across the UAE and its neighboring countries, as well as to other global destinations.

For more information, please visit https://ir.ambitions.ae 

American Bitcoin (ABTC) : 3-month performance

American Bitcoin Corp. is a bitcoin accumulation platform company.

September 3, 2025: first day of trading on the Nasdaq, following a merger with Gryphon Digital Mining. The stock experienced significant volatility, opening around $8, surging to a high of $14.52, and ultimately closing at $8.04, up 16.5% for the day. 

• Parent organization: Hut 8 Corp. (NASDAQ:HUT)
• Founders: Eric Trump, Donald Trump Jr.
• Founded: March 2025
• Headquarters: Miami, Florida
• Incorporated: Delaware
• www.americanbtc.com

Bearish Put Activity:

• ABTC Weekly Dec05 1.5 puts are seeing interest with the underlying stock down 38% (volume: 9.0K, open int: 50, implied vol: ~211%, prev day implied vol: 97%). Co is expected to report earnings mid-February.

American Bitcoin Corp (ABTC) shares plunge over 50% Tuesday with multiple trading halts as Eric Trump cites pre-merger private placement share unlock driving heavy volume and steep selloff.

 

 

 

 

 

About American Bitcoin

American Bitcoin is a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company combines Hut 8's proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump's commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems. For more information, visit www.americanbtc.com.