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Cvent Holding Corp. (Nasdaq: CVT) has completed its business combination with Dragoneer Growth Opportunities Corp. II (formerly Nasdaq: DGNS) as of December 8, 2021. This strategic move allows Cvent to return to public markets, bolstered by shareholder approval from Dragoneer on December 7, 2021. CEO Reggie Aggarwal emphasized the importance of this milestone for Cvent and the events industry, highlighting a significant investment in technology for virtual and hybrid events. The company has announced key contracts, launched Cvent Studio, and expanded partnerships with Amadeus and Meeting Professionals International.
Dragoneer Growth Opportunities Corp. II (NASDAQ: DGNS) announced that its shareholders have approved the business combination with Cvent, Inc. during a special meeting. The transaction is scheduled to close on December 8, 2021, with Cvent’s common stock expected to trade under the ticker symbol CVT on Nasdaq post-combination. Shareholders have until 5:00 p.m. ET on December 7, 2021 to withdraw redemption requests. Dragoneer will file the meeting results on Form 8-K with the SEC today.
Dragoneer Growth Opportunities Corp. II (Nasdaq: DGNS) has extended the deadline for shareholders to withdraw redemption requests to 5:00 p.m. ET today. This follows expectations that the cash condition for the business combination with Cvent, Inc. will be satisfied after private placement funding. The extraordinary general meeting is set for December 7, 2021, with the business combination anticipated to close on December 8, 2021. Cvent's stock will trade under the ticker symbol 'CVT' post-combination.
Cvent has announced the appointment of two new Independent Board members, Marcela Martin and Jim Frankola, ahead of its merger with Dragoneer Growth Opportunities Corp. II, expected to close on December 8, 2021. These appointments are aimed at leveraging their extensive experience in technology and finance to enhance Cvent's growth amidst the evolving events industry. With Cvent's successful pivot during the pandemic, the company aims to capitalize on the growing demand for digital and hybrid event solutions, positioning itself for a stronger market presence post-merger.
On December 1, 2021, Cvent Co-Founder Chuck Ghoorah and Dragoneer Investor Taylor Gilland will discuss Cvent's go-to-market strategy and Dragoneer's customer diligence findings in a Virtual Fireside Chat hosted by Water Tower Research. The event will begin at 12:00 p.m. Eastern Time, and a live webcast will be available at www.dragoneergrowth.com/dgns/. An archived replay will also be accessible for 30 days on the DGNS website. Cvent is a leading technology provider in the meetings and events industry, serving over 21,000 customers globally.
Cvent, a leader in meetings and events technology, announced strong growth since its July transaction with Dragoneer Growth Opportunities Corp. II (DGNS). In the past four months, Cvent secured numerous new clients and increased contract values, with significant deals such as a $1 million contract from a pharma company. The company reported Q3 revenue of $134.1 million, up 13.1% year-over-year, but with a net loss of $26.1 million. Cvent raised its revenue guidance for Q4 2021 and the full year. A special meeting for Dragoneer's stockholders is scheduled for December 7, 2021, to vote on the proposed business combination.
Cvent, a prominent provider in the meetings and events technology sector, announced that its CEO, Reggie Aggarwal, will speak at the Wells Fargo Virtual TMT Summit on December 1, 2021, at 9:20 a.m. Eastern Time. The event will feature a live webcast accessible through www.dragoneergrowth.com/dgns/, with an archived replay available on the DGNS website for 30 days. Cvent, founded in 1999 and headquartered in Tysons, Virginia, supports event professionals through its comprehensive event management platform.
Cvent, a leading provider of meetings and events technology, announced CEO Reggie Aggarwal will present at Water Tower Research’s Virtual Fireside Chat on November 18, 2021, at 1:00 p.m. Eastern Time. During this session, he will discuss current industry trends. The event will be streamed live, and an archived replay will be available on the DGNS website for 30 days. Cvent, founded in 1999, supports over 200,000 users globally with a comprehensive event management platform aimed at enhancing event experiences.
Dragoneer Growth Opportunities Corp. II (DGNS) has received SEC approval for its business combination with Cvent, a leader in events technology. The definitive proxy statement will soon be mailed to shareholders, with a special meeting scheduled for December 7, 2021, to vote on the merger. If approved, the transaction is expected to close on December 8, 2021, conditional on standard closing requirements. Following the merger, Cvent's shares will trade on Nasdaq under the ticker CVT. This merger taps into Cvent's extensive event management solutions.
