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High materiality8/10

Domo reels toward close of Progress deal by Sept 2026; debt-free post-close

Aug 31, 2026, 6:03 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Deal progress and anticipated debt-free status post-close reduce financial risk and may justify a re-rating; however, close risk persists until final conditions are satisfied and official close occurs.

AI summary

What happened, with direct paths to the underlying reporting

Domo expects to close its Progress acquisition by the end of September 2026, with Progress buying substantially all assets and employees while excluding NOLs. Domo will file its Q2 2026 10-Q Sept 3 and will skip a separate earnings call during the transition. After closing, Domo will become debt-free, rebrand with a new name and ticker, and operate as a separate listed entity.

Progress to acquire most of Domo's assets and employees; close by Sep 2026.
Domo to file Q2 2026 10-Q Sept 3; no separate earnings call due to deal.
Post-close, Domo becomes debt-free, will rename and maintain separate listing.
HSR waiting period terminated; closing subject to remaining conditions and notice.

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