Lynrock Lake LP Amends ON24 Stake, Signals Ownership Change

TL;DR

**Big investor Lynrock Lake just updated their ON24 stake, watch for potential stock movement!**

AI Summary

Lynrock Lake LP, an investment firm, filed an Amendment No. 3 to its Schedule 13D on January 16, 2024, indicating a change in its beneficial ownership of ON24, Inc. common stock. The filing, triggered by an event on January 11, 2024, updates their stake in the company. This matters to investors because Lynrock Lake LP is a significant shareholder, and changes in their holdings or intentions can signal their confidence (or lack thereof) in ON24's future performance, potentially influencing other investors' decisions and the stock price.

Why It Matters

This filing shows an update to a major investor's position in ON24, which can influence market perception and the stock's valuation.

Risk Assessment

Risk Level: medium — Changes in significant shareholder positions can introduce volatility and uncertainty for a company's stock.

Analyst Insight

Investors should monitor subsequent filings from Lynrock Lake LP to understand the nature of their updated stake (e.g., increase, decrease, or change in intent) and consider how this might align with their own investment thesis for ON24.

Key Players & Entities

• Lynrock Lake LP (company) — the investment firm filing the SC 13D/A
• ON24, Inc. (company) — the subject company whose stock is being reported
• Cynthia Paul (person) — contact person for Lynrock Lake LP
• $0.0001 (dollar_amount) — par value per share of ON24 Common Stock
• January 11, 2024 (date) — date of the event requiring the filing

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• tm243422d1_sc13da.htm (SC 13D/A) — 64KB
• 0001104659-24-004158.txt ( ) — 65KB

Interest

Item 5. Interest in Securities of the Issuer

of the Original Schedule 13D is hereby

Item 5 of the Original Schedule 13D is hereby amended and restated as follows: (a) See responses to Item 13 on the cover pages of this filing, which are incorporated herein by reference. (b) See responses to Items 7, 8, 9 and 10 on the cover pages of this filing, which are incorporated herein by reference. (c) The Reporting Persons have not engaged in any transactions in the Common Stock during the past sixty days. (d) Certain feeder funds that invest in Lynrock Fund may have the right to receive dividends from, and proceeds from the sale of, the Common Stock directly held by Lynrock Fund. (e) Not applicable.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits A. Joint Filing Agreement, dated February 14, 2023 (incorporated by reference to the Original Schedule 13D, filed on February 14, 2023). 5 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Dated: January 16, 2024 LYNROCK LAKE LP By: Lynrock Lake Partners LLC its General Partner By: /s/ Cynthia Paul Name: Cynthia Paul Title: Sole Member LYNROCK LAKE PARTNERS LLC By: /s/ Cynthia Paul Name: Cynthia Paul Title: Sole Member /s/ Cynthia Paul Cynthia Paul ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). 6

View Full Filing

View this SC 13D/A filing on SEC EDGAR