Intapp, Inc. (NASDAQ: INTA) (the “Company”), a leading global
provider of AI-powered software for professionals in advisory,
legal, and capital markets firms, today announced that certain
entities affiliated with Great Hill Equity Partners IV, L.P.
(together with its affiliates, the “Selling Stockholder”) intend to
offer an aggregate of 7,000,000 shares of the Company’s common
stock in an underwritten public offering (the “Offering”). The
Selling Stockholder will receive all of the proceeds from the
Offering. The Company will not sell any shares of its common stock
in the Offering and will not receive any proceeds from the sale by
the Selling Stockholder of shares of the Company’s common stock in
the Offering. The Company’s common stock is listed on the Nasdaq
Global Select Market under the ticker symbol “INTA.”
The underwriter has a 30-day option to purchase
up to an additional 1,050,000 shares of the Company’s common stock
from the Selling Stockholder at the public offering price, less
underwriting discounts and commissions.
J.P. Morgan is acting as the underwriter and
sole book-running manager for the Offering.
The underwriter may
offer the shares of common stock purchased from the Selling
Stockholder from time to time for sale in one or more transactions
on the Nasdaq Global Select Market, in the over-the-counter market,
through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices related to prevailing
market prices or at negotiated prices.
The Offering is being
made pursuant to an automatically effective shelf registration
statement on Form S-3, which was filed with the Securities and
Exchange Commission (the “SEC”) and became effective on May 16,
2023, to which this communication relates. The Offering will be
made only by means of a free writing prospectus, a prospectus
supplement and an accompanying prospectus that form a part of the
registration statement. Before you invest, you should read the
prospectus included in the registration statement, the documents
incorporated by reference therein, the free writing prospectus, the
prospectus supplement and any other documents that the Company may
file with the SEC for more complete information about the Company
and the Offering, when available, by visiting the SEC’s website
at http://www.sec.gov. Copies of the prospectus supplement,
when available, and accompanying prospectus relating to the
Offering may be obtained from: J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: 1-866-803-9204 or email:
prospectus-eq_fi@jpmchase.com.
This press release is
for informational purposes only and shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities, in any state or jurisdiction in which
such an offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About
Intapp
Intapp helps
professionals unlock their teams’ knowledge, relationships, and
operational insights to increase value for their firms. Using the
power of Applied AI, we make firm and market intelligence easy to
find, understand, and use. With Intapp, professionals can apply
their collective expertise to make smarter decisions, manage risk,
and increase competitive advantage. The world's top firms — across
accounting, consulting, investment banking, legal, private capital,
and real assets — trust Intapp’s industry-specific solutions to
drive new growth and multiply opportunity.
Forward-Looking Statements
This press release
contains express and implied “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding the timing, proposed size and
terms and success of the Offering. In some cases, you can identify
forward-looking statements by terms such as “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,”
“project,” “would,” “should,” “could,” “can,” “predict,”
“potential,” “target,” “explore,” “continue,” “expand,” “outlook”
or the negative of these terms, and similar expressions intended to
identify forward-looking statements. By their nature, these
statements are subject to numerous uncertainties and risks,
including factors beyond our control, that could cause actual
results, performance, or achievement to differ materially and
adversely from those anticipated or implied in the statements,
including: changes in market conditions; that the size of the
Offering could change or the Offering could be terminated;
satisfaction of the customary closing conditions of the Offering;
delays in obtaining required stock exchange or other regulatory
approvals; our ability to continue our growth at or near historical
rates; our future financial performance and ability to be
profitable; the effect of global events on the U.S. and global
economies, our business, our employees, results of operations,
financial condition, demand for our products, sales and
implementation cycles, and the health of our clients’ and partners’
businesses; our ability to prevent and respond to data breaches,
unauthorized access to client data or other disruptions of our
solutions; our ability to effectively manage U.S. and global market
and economic conditions, including inflationary pressures, economic
and market downturns and volatility in the financial services
industry, particularly adverse to our targeted industries; the
length and variability of our sales cycle; our ability to attract
and retain clients; our ability to attract and retain talent; our
ability to compete in highly competitive markets, including AI
products; our ability to manage additional complexity, burdens, and
volatility in connection with our international sales and
operations; our ability to incur indebtedness in the future and the
effect of conditions in credit markets; the sufficiency of our cash
and cash equivalents to meet our liquidity needs; and our ability
to maintain, protect, and enhance our intellectual property rights.
Additional risks and uncertainties that could cause actual outcomes
and results to differ materially from those contemplated by the
forward-looking statements are included under the caption “Risk
Factors” and elsewhere in our Annual Report on Form 10-K, our
Quarterly Reports on Form 10-Q, and any subsequent public filings.
Moreover, we operate in a very competitive and rapidly changing
environment, and new risks may emerge from time to time. It is not
possible for us to predict all risks, nor can we assess the impact
of all factors on our business or the extent to which any factor,
or combination of factors, may cause actual results or outcomes to
differ materially from those contained in any forward-looking
statements we may make. Forward-looking statements speak only as of
the date the statements are made and are based on information
available to us at the time those statements are made and/or
management’s good faith belief as of that time with respect to
future events. We assume no obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, except as required by law.
Investor
Contact
David TroneSenior Vice
President, Investor RelationsIntapp, Inc.ir@intapp.com
Media
Contact
Ali RobinsonGlobal
Media Relations DirectorIntapp, Inc.press@intapp.com
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