Investors who hold shares in Cvent Holding Corp. (NASDAQ: CVT) should contact the Shareholders Foundation in connection with the Takeover

An investigation was announced concerning whether the takeover of Cvent Holding Corp. is unfair to NASDAQ: CVT stockholders.

Investors who purchased shares of Cvent Holding Corp. (NASDAQ: CVT) and currently hold any of those NASDAQ: CVT shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Cvent Holding Corp. breached their fiduciary duties owed to NASDAQ: CVT investors in connection with the proposed acquisition.

Tyson, VA based Cvent Holding Corp. provides a cloud-based enterprise event marketing, management, and hospitality platform for marketers, meeting, and event planners in North America and internationally. Cvent Holding Corp. reported that its annual Total Revenue rose from $518.81 million in 2021 to $630.55 million in 2022, and that its Net Loss increased from $86.07 million in 2021 to $100.27 million in 2022.

On March 14, 2023, the two parties announced the signing of a definitive merger agreement pursuant to which Blackstone will acquire Cvent in a merger worth $4.6 billion. As a result of the merger, Cvent shareholders are only anticipated to receive $8.50 per share in cash in exchange for each share of Cvent.

However, given that in connection with the transaction, Vista Equity Partner, the majority stockholder of Cvent Holding Corp., has already agreed to invest a portion of its proceeds as non-convertible preferred stock in financing for the transaction, the investigation concerns whether the offer is unfair to NASDAQ: CVT stockholders. More specifically, the investigation concerns whether the Cvent Holding Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Cvent Holding Corp. (NASDAQ: CVT) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.