Indaba Issues Letter to ON24's Board of Directors Regarding the Need for a Meaningful Capital Return Program and Stronger Corporate Governance

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Feb 08, 2023

Indaba Capital Management L.P. (together with its affiliates, “Indaba” or “we”), which is the second largest shareholder of ON24, Inc. (NYSE: ONTF) (“ON24” or the “Company”) with an ownership interest of nearly 9% of the Company’s outstanding shares, today issued an open letter to the Company’s Board of Directors (the “Board”).