Indaba Capital believes that the Board of Directors of On24 needs to urgently take proactive measures to improve the company’s stock price, balance sheet and valuation, including by exploring bold capital allocation decisions, and intends to actively engage with the Board regarding ways to unlock shareholder value. Indaba Capital urges the independent directors of the Board to improve their oversight of management, engage directly with the stockholder base and demonstrate greater responsiveness to stockholder input.
Published first on TheFly
