ON24 SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against ON24, Inc. – ONTF |

NEW ORLEANS, Dec 8, 2021 / PRNewswire / – Kahn Swick & Foti, LLC (“KSF”) and KSF Affiliate, former Attorney General of Louisiana, Charles C. Foti Jr., Remind investors that they are up January 3, 2022 Lead plaintiffs in a securities class action lawsuit against ON24, Inc. (NYSE: ONTF) if they purchased the company’s shares in connection with its February 2021 Initial Public Offering (the “IPO”). This action is pending in The United States District Court for the Northern District of California.

What you can do

If you have acquired ON24 shares and would like to discuss your legal rights and the effects of this case on you and your right to reimbursement of your economic loss, you can contact KSF Managing Partner Lewis Kahn free of charge at 1-877-515-1850 or by email ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-ontf/ to learn more. If you want to be the lead plaintiff in this class action lawsuit, you must file a motion with the court January 3, 2022.

About the lawsuit

ON24 and some of its executives are charged with failing to disclose essential information in the company’s IPO registration statement and prospectus, thereby violating federal securities laws. In particular, the complaint alleges that the registration declaration and the prospectus did not disclose, among other things, that the increase in customer numbers in the run-up to the IPO consisted of a significant number that, due to the COVID-19-related demand, was not in the traditional customer profile and as a result, they renewed their contracts far less often, which led to increased churn.

on August 10, 2021, the company announced its financial results for Jan. [it] in the second quarter of last year during the peak of COVID … mainly in the first-time renewal cohort, customers who signed one-year contracts last year and who wanted to be renewed. “In that news, the company’s share price plummeted by about 31%, which was good news to investors Did harm.

The case is Douvia v ON24, Inc., 21-cv-08578.

About Kahn Swick & Foti, LLC

KSF, to whose partners former Louisiana Attorney General Charles C. Foti Jr., is one of the leading boutique securities litigation law firms in the country. KSF assists a wide range of clients – including public institutional investors, hedge funds, asset managers and private investors – in finding reclaims for investment losses resulting from corporate fraud or misconduct by listed companies. KSF has branches in new York, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Executive Partner

[email protected]

1-877-515-1850

1100 Poydras St., Suite 3200

New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC

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