NEW YORK, March 18, 2019 /PRNewswire/ -- Yext,
Inc. (NYSE: YEXT), the leader in digital knowledge management
(DKM), today announced the pricing of an underwritten public
offering of 6,100,000 shares of its common stock at a price to the
public of $21.50 per share pursuant
to an effective Registration Statement on Form S-3 filed with the
U.S. Securities and Exchange Commission (the "SEC"). In
addition, Yext has granted the underwriter a 30-day option to
purchase up to an additional 900,000 shares of its common
stock. The gross proceeds from the offering, before deducting
underwriting discounts and commissions and estimated offering
expenses, are expected to be approximately $131.2 million. All of the shares in the
offering are to be sold by Yext.
Goldman Sachs & Co. LLC is acting as the underwriter for the
offering.
Yext filed a Registration Statement on Form S-3, which
was automatically effective upon filing with the SEC on
March 18, 2019, including a base
prospectus dated March 18,
2019, and will file a prospectus supplement dated March 18, 2019 to which this communication
relates. Before you invest, you should read the prospectus in
the registration statement, the related prospectus supplement and
the other documents Yext has filed or will file with the SEC
for more complete information about Yext and this
offering. The proposed offering is being made only by means
of an effective shelf registration statement, including a base
prospectus and prospectus supplement that form a part of the
registration statement, copies of which may be obtained for free on
the SEC's website located at www.sec.gov. Copies of the
prospectus supplement and the accompanying prospectus may also be
obtained, when available, from Goldman Sachs & Co. LLC,
Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526,
facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Yext
Yext is the leading Digital Knowledge Management (DKM) platform.
Yext's mission is to give companies control over their brand
experiences across the digital universe of maps, apps, search
engines, voice assistants, and other intelligent services that
drive consumer discovery, decision, and action. Today,
thousands of businesses including brands like Taco Bell, Rite Aid
and Steward Health Care use the Yext Knowledge Engine™ to manage
their digital knowledge in order to boost brand engagement, drive
foot traffic, and increase sales.
Yext has been named a Best Place to Work by Fortune and Great
Place to Work® as well as a Best Workplace for women. Yext is
headquartered in New York City
with offices in Berlin,
Chicago, Dallas, Geneva, London, Paris, San
Francisco, Shanghai,
Tokyo and Washington, D.C. Area.
For Further Information Contact:
James Hart
Yext
Investor Relations
212.994.6768
IR@yext.com
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SOURCE Yext, Inc.