DOMO, INC. — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 95/100
What the filing says
Domo, Inc. has entered into an Asset Purchase Agreement dated July 22, 2026, to sell substantially all of its business assets and transferred subsidiaries to Progress Software Corporation. The agreement includes purchase price adjustments based on closing cash and indebtedness, with Domo's board unanimously approving the transaction and majority stockholders executing a support agreement. The buyer will assume specified liabilities while Domo retains excluded assets, employee liabilities, and certain tax attributes.
Why this rating
Asset sale of entire operating business represents fundamental change to company structure; divests all core operations, though purchase price details unclear from filing excerpt alone.
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