Cloud-based hybrid engagement platform ON24 Inc.’s 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 Sept. 30.
ON24 shares traded higher by 7.63 percent at $16.36 on the last check Thursday.
By Anusuya Lahiri
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