Huckleberry.ai, Inc. has completed the sale of substantially all of its assets and employees to Progress Software Corporation, as announced in a Form 8-K filed on September 22, 2026. The transaction, finalized on that date, involved the transfer of the company's software platforms, including business intelligence tools and AI-powered data products, to Progress. In exchange, Huckleberry.ai received approximately $221.0 million in cash after accounting for purchase price adjustments and the repurchase of outstanding warrants.
Following the completion of the sale, the company has changed its name from Domo, Inc. to Huckleberry.ai, Inc. The company’s Class B Common Stock will begin trading on the Nasdaq Global Market under the trading symbol “HUCK” effective September 24, 2026. The previous symbol, “DOMO,” will cease trading at that time. The change in name was effected through a merger with Huckleberry.ai Merger Sub, Inc., a wholly owned subsidiary.
In connection with the transaction, Huckleberry.ai terminated its Amended and Restated Loan and Security Agreement. All outstanding borrowings and related obligations were discharged and paid in full. Additionally, the company repurchased all outstanding warrants to purchase shares of Class B Common Stock issued in February and August 2024 for approximately $10.0 million in aggregate.
The company will begin this new chapter with a debt-free balance sheet. It retains more than $900 million in net operating loss carryforwards, which are subject to a tax benefits preservation plan. The company’s founder and CEO, Josh James, will continue to lead the organization alongside its current Board of Directors. The Board is currently evaluating opportunities to utilize the company’s capital and tax assets, including potential methods to return value to stockholders.
