Progress Software Corporation has finalized the acquisition of Domo Inc., rebranding the data and AI platform as Huckleberry.ai Inc. under the new Nasdaq ticker HUCK. The transaction, effective September 24, 2026, integrates Domo’s technology into Progress’s ecosystem while preserving its debt-free balance sheet and substantial tax advantages, including over $900 million in retained net operating loss carryforwards. Existing shareholders retain their equity positions without action, with no changes to book-entry shares or certificates required.
Progress Acquires Domo, Renames Entity as Huckleberry.ai
Silicon Slopes-based AI data platform Domo Inc. transitions to Huckleberry.ai Inc. after a $221 million cash sale to Progress Software Corporation, maintaining debt-free status and retaining over $900 million in tax benefits.
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Lucas Ferreira · Deals & Startups Desk · 23 Sept 2026 · 01:13 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Lucas Ferreira
Deals & Startups Desk
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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