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Dragoneer Growth Opportunities Corp. II

DGNS · Nasdaq · formerly Dragoneer Growth Opportunities Beta Corp.

Trust settledCVENT HOLDING CORP. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC, listed on Nasdaq in November 2020.
What it's doing now
It agreed to buy CVENT HOLDING CORP., a cloud-based event management and hospitality software company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
CVENT HOLDING CORP.
Industry
Information Technology — cloud-based event management and hospitality software
Deal value
not stated in the filings we hold
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
18 November 2020
size not on file
Headquarters
1765 GREENSBORO STATION PLACE, 7TH FLOOR, TYSONS, VA, 22102
registered in the Cayman Islands
Lead underwriter
not extracted from the prospectus yet
Key officers
NEWMAN WILLIAM J III (See Remarks) · Martin Marcela (Director) · STAHL NICOLAS (Director)
Listed securities
DGNS common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 18 November 2020IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

  • CVENT HOLDING CORP.—
    closedInformation Technology

    What CVENT HOLDING CORP. does — read from cvent.com on 26 August 2026

    Cvent is an AI-powered event and hospitality platform designed to help event professionals, marketers, and hospitality teams plan, execute, and prove the impact of events. The platform offers tools for venue sourcing, registration, onsite execution, and reporting, serving in-person, virtual, hybrid, and webinar formats.

    Event MarketingHospitalityMarketing
    Deal structureSEC-primary — BCA 8-K / S-4 / DEFM14A
    PIPE
    ≈ $475M · unsourced
    Min-cash condition
    $356M
    Break fee
    $139M

    PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.

    stated in:0001193125-21-286922 opens on sec.gov in a new tab0001140361-23-022710 opens on sec.gov in a new tab

The score

deterministic, from filed fields

DGNS is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 294 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Dragoneer Growth Opportunities Corp. II was a Cayman Islands-incorporated blank-check special purpose acquisition company formed by Dragoneer Investment Group to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company priced its initial public offering on November 18, 2020, with its common stock listed on Nasdaq under the ticker DGNS. The registration statement (File No. 333-249767) was initially filed on Form S-1 on October 30, 2020, declared effective on November 16, 2020, and covered a proposed maximum aggregate offering price of $230 million in Class A ordinary shares, with an additional 4,600,000 shares registered under a Rule 462(b) S-1MEF filing to cover the underwriters' over-allotment option, bringing the total proposed maximum to $276 million.

The sponsor was Dragoneer Investment Group, a San Francisco-based investment firm, and the SPAC was led by Chief Executive Officer and Chairman Marc Stad, with Pat Robertson serving as President, Chief Operating Officer, and Principal Financial Officer. The board of directors included Sarah J. Friar, David D. Ossip, Gokul Rajaram, and Jay Simons. The company's principal executive offices at the time of the IPO were located at One Letterman Drive, Building D, Suite M500, San Francisco, California, later associated with an address in Tysons, Virginia.

Dragoneer Growth Opportunities Corp. II completed a business combination with Cvent, a Tysons Corner, Virginia-based provider of software-as-a-service for meetings, events, and hospitality management founded in 1999 by Reggie Aggarwal. Following the closing of the merger, the registrant's name changed to Cvent Holding Corp., and its common stock traded on Nasdaq under the symbol CVT beginning in 2021. The SPAC's lifecycle concluded when Form 25 was filed on June 15, 2023, under 17 CFR 240.12d2-2(a)(3), evidencing that the DGNS shares had come to represent successor securities. Cvent was subsequently acquired by Blackstone Inc. for $4.6 billion in June 2023 and taken private.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • DEFM14A3 May 20230001140361-23-022710opens on sec.gov in a new tab

    This is a take-private exit for a 2021 de-SPAC, ending public ownership rather than extending it, so the decision for legacy Dragoneer holders is whether the cash price compensates for the position they took at $10.00 per share in the trust. With 491.6 million shares outstanding and a simple majority quorum, approval turns on the large institutional and sponsor holders rather than retail. Public warrants in a cash merger are settled under their agreement terms rather than converted, so warrant holders should read those provisions separately.

  • PREM14A21 April 20230001140361-23-019625opens on sec.gov in a new tab

    $8.50 in cash without interest is the whole of what a public holder receives, and the merger cannot be completed unless holders of a majority of the outstanding shares entitled to vote adopt the agreement — so an abstention or an uninstructed street-name holding has the effect of a vote against. A Special Committee comprised solely of disinterested and independent members of the Board unanimously recommended the agreement before the full Board adopted that recommendation. Holders who seek and perfect statutory appraisal rights under Delaware law take payment under those rights instead.

  • S-4/A19 October 20210001193125-21-302130opens on sec.gov in a new tab

    Nearly all of the registered stock is merger consideration rather than the SPAC's own capital converting: up to 446,797,396 shares go to Cvent's equityholders, including shares underlying New Cvent options to be issued at closing to Cvent's current optionholders. The SPAC side is 27,600,000 Class A ordinary shares from the IPO, 5,000,000 underlying forward purchase shares, 6,900,000 Class B shares held by the initial shareholders, 752,000 private placement shares held by the Sponsor, and 200,000 shares issued on conversion of the Sponsor's working capital loan.

  • S-429 September 20210001193125-21-286922opens on sec.gov in a new tab

    The merger is almost the whole registration: up to 446,797,396 shares go to Cvent's equityholders, including shares underlying New Cvent options issued at closing to current Cvent optionholders, against a SPAC side of 27,600,000 Class A shares from the initial public offering, 5,000,000 forward purchase shares, 6,900,000 Class B shares held by the initial shareholders, 752,000 private placement shares held by the Sponsor, and 200,000 shares issued on conversion of the Sponsor's working capital loan.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

Show the other 10 filings

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001193125-23-011055

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Services-Prepackaged Software (7372)
Registered inthe Cayman Islands
Exchange · CIKNasdaq · 0001827075

All filings on EDGARopens on sec.gov in a new tab

FormerlyDragoneer Growth Opportunities Beta Corp.

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

4 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

26 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail4 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

DGNS — company record
UNIVERSE-IPO-INDEX2026-08-17

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7372 (Services-Prepackaged Software). The screen found it by filing SHAPE instead — S-1 2020-10-30 → 8-A12B 2020-11-16 → 424B4 2020-11-18 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7372 + self-described blank check in 424B4 0001193125-20-296973; 424B 0001193125-20-296973 priced 2020-11-18 under S-1 0001193125-20-282687 (file 333-249767, an offering for cash); common ticker DGNS off 10-K 0001193125-21-102380 (2021-03-31); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-249767, which belongs to S-1 0001193125-20-282687 (2020-10-30) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-11-18). Ending PROVEN, not inferred: CLOSED per Form 25 0001354457-23-000399 (2023-06-15) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Common Stock). ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

NAME-REPAIR2026-08-31

"CVENT HOLDING CORP." is the registrant's CURRENT identity, adopted when the combination closed — EDGAR renames on the closing day, so the rename predates the ending we store and every date-based check cleared it; the vehicle traded as "Dragoneer Growth Opportunities Corp. II" per the COMPANY CONFORMED NAME in 424B4 0001193125-20-296973 filed 2020-11-18. §98

Deal — CVENT HOLDING CORP.
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001827075 records "Dragoneer Growth Opportunities Corp. II" ending 2021-12-10; the registrant continues as "CVENT HOLDING CORP.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-12-10. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=475, minCashM=356, terminationFeeM=138.608439 from primary filings (0001193125-21-286922, 0001140361-23-022710).

PIPE2026-08-29

pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow

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