07:51 AM EDT, 05/13/2025 (MT Newswires) -- ON24 ( ONTF ) shares were up nearly 6% in recent Tuesday premarket activity after the company said overnight its board approved a plan for the repurchase of up to $50 million of its common stock.

The repurchases will likely be financed through ON24's ( ONTF ) existing cash and cash equivalents or future cash flow, the company said.

ON24 ( ONTF ) also said it had $181 million in cash, cash equivalents, and marketable securities as of March 31.