Levi & Korsinsky, LLP announces that an ONTF class action lawsuit has been filed on behalf of investors who purchased On24, Inc. (ONTF) This lawsuit is on behalf of persons and entities who also acquired ON24’s shares pursuant and traceable to the Offering issued in connection with the Company’s February 2, 2021, initial public offering. For more on the ONTF Lawsuit please contact us today.
According to the On24 lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint, 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171