DOMO INC. CL.B DL-,001

Under the agreement, Progress Software will acquire nearly all of Domo’s operating assets, customer contracts, employees, IP and foreign subsidiaries for $400 million in cash. The announcement lifted Domo shares about 21%; upon closing Domo will retain roughly $246 million of net cash and net operating loss carryforwards of more than $900 million. Domo will remain a publicly traded holding led by founder and CEO Josh James, will consider using the proceeds to utilize the loss carryforwards and explore monetization options, AI/automation transactions or capital returns to shareholders; the deal is subject to regulatory conditions and is expected to close before Nov. 30, 2026. » Más en de.investing.com

Progress Software will acquire for $400 million in cash essentially all of Domo’s assets and employees; the agreement excludes tax loss carryforwards and certain retained assets. After closing, Domo will retain about $246 million in cash ($4.84 per share) and tax loss carryforwards of more than $900 million; its existing credit facility will be paid off in full. The remaining Delaware holding company intends to change its name and ticker, will remain publicly listed, and is exploring options to monetize the tax loss carryforwards or return capital to shareholders. The transaction, which founder and CEO Josh James has already approved, is expected to close by November 30, 2026, subject to customary regulatory approvals. » Más en de.investing.com

The Ken Garff Automotive Group has implemented Domo together with Snowflake and now manages over 4 billion operational data records. The cloud-based system replaces an old on-premises reporting setup, consolidates data from sales, service, finance and third parties, and provides role-based access for headquarters and dealerships. A single service report now saves about 400 work hours per month; the company is also evaluating chatbots and data-governance tools. After the announcement, Domo shares rose 27%, although the vendor was recently still unprofitable. » Más en de.investing.com