The company formerly known as Domo, Inc. filed an 8-K on September 22, 2026, reporting the completion of the sale of substantially all of its assets and employees to Progress Software Corporation, its subsequent renaming to Huckleberry.ai, Inc., and the termination of its existing loan agreement.

Key Highlights

  • Asset sale closed: The company completed the sale of substantially all of its assets and employees to Progress Software Corporation on September 22, 2026, pursuant to an Asset Purchase Agreement dated July 22, 2026.
  • Cash proceeds: The company received approximately $221.0 million in cash at closing, after purchase price adjustments, the Warrant Repurchase, and certain other adjustments.
  • Name change: The company changed its legal name to "Huckleberry.ai, Inc." effective September 22, 2026, via a short-form merger under Section 253 of the Delaware General Corporation Law.
  • New trading symbol: Class B Common Stock will cease trading under "DOMO" and begin trading under "HUCK" on the Nasdaq Global Market effective September 24, 2026.
  • Loan agreement terminated: The Amended and Restated Loan and Security Agreement dated August 8, 2023 was terminated at closing, with all outstanding borrowings, interest, and fees discharged and paid in full, and all related liens and guaranties released.
  • Warrant repurchase: The company repurchased all outstanding warrants to purchase Class B Common Stock issued in February 2024 and August 2024 for approximately $10.0 million in the aggregate.

Huckleberry.ai Emerges After Domo Sells Core Business to Progress Software

According to the filing, the company formerly known as Domo, Inc. completed the previously announced sale to Progress Software Corporation of "substantially all of the Company's assets and employees, excluding the Company's net operating loss carryforwards," along with the assumption by Progress of certain liabilities. The assets sold covered the operation of software platforms and applications for business intelligence, data visualization, reporting and dashboarding, data integration and analytics, embedded and distributed analytics, workflow and process automation, AI-powered data products and AI agents, and data governance and data management, delivered on cloud-based, hosted, on premises, or hybrid bases to enterprise, commercial, and governmental customers.

At the closing on September 22, 2026, the company received approximately $221.0 million in cash, the filing disclosed, after giving effect to purchase price adjustments set forth in the Purchase Agreement, the Warrant Repurchase, and certain other adjustments agreed between the parties for administrative purposes. Separately, the company reported that holders of warrants issued in February 2024 and August 2024 elected to have all such outstanding warrants repurchased for approximately $10.0 million in the aggregate, in accordance with the terms of those warrants.

The company effected its name change to "Huckleberry.ai, Inc." by merging a wholly owned subsidiary, Huckleberry.ai Merger Sub, Inc., with and into the company under Section 253 of the Delaware General Corporation Law, with the company continuing as the surviving corporation. The filing stated that the merger "does not affect the Company's CUSIP or the rights of its security holders" and that no other changes were made to the Amended and Restated Certificate of Incorporation or Amended and Restated Bylaws beyond the name change. The company also noted that it is evaluating opportunities for value creation and returning capital to stockholders, characterizations the filing identifies as forward-looking statements subject to risks and uncertainties.

What Was Disclosed

The filing reported the September 22, 2026 completion of the asset sale to Progress Software Corporation for approximately $221.0 million in cash, a concurrent name change to Huckleberry.ai, Inc., a new Nasdaq trading symbol of "HUCK" effective September 24, 2026, termination of the existing loan agreement, and a warrant repurchase of approximately $10.0 million.