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ONTF Investor Alert: Shareholder Lawsuit Filed

Newsfile Corp.
·2 min read

Boston, Massachusetts--(Newsfile Corp. - November 30, 2021) - The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of ON24, Inc. (NYSE: ONTF). The case is currently in the lead plaintiff stage. Investors who purchased ONTF shares pursuant or traceable to the registration statement and prospectus issued in connection with the Company's February 2021 IPO may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/ON24 for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/ON24

The case alleges that the Offering Documents were false and misleading and omitted to state that, at the time of the Offering, the surge in COVID-19 customers ON24 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. The lawsuit alleges that by the commencement of this action, ON24's shares have traded as low as $18.66 per share, a decline of nearly 63% from the IPO Offering Price.

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Interested ON24 investors have until January 3, 2022 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.

FOR MORE INFORMATION: www.tenlaw.com/cases/ON24

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:
Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/ON24

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105911