The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased On24, Inc. (NYSE: ONTF) pursuant and traceable to the offering issued in connection with the Company’s February 2, 2021, initial public offering.
According to the On24 lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: the surge in COVID-19 customers observed in the lead up to the IPO consisted of a significant number that did not fit ON24’s traditional customer profile, and, as a result, were significantly less likely to renew their contracts.
If you suffered a loss in On24 you have until January 3, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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