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Stock impact report

Yext, Inc. Announces Amendment and Extension of Previously Announced Modified Dutch Auction Tender Offer to Repurchase Shares of Common Stock

Yext, Inc. (YEXT) 
Last yext, inc. earnings: 3/3 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.yext.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Yext, Inc. (NYSE: YEXT), the leading brand visibility platform, today announced that it is amending its previously announced “modified Dutch Auction” tender offer for shares of its common stock to decrease the maximum aggregate purchase price of shares to be repurchased in the tender offer from $180,000,000 to $140,000,000. The decision follows a re-evaluation by Yext of the value of borrowing additional funds under Yext’s existing credit facilities due to the increased cost of such capital as a result of recent macro-economic developments, including geopolitical tensions, significant stress in the private capital markets, and increased inflationary concerns.In connection with the amendment, Yext has extended the expiration time of the tender offer from 5:00 p.m., New York City time, on March 12, 2026 to 5:00 p.m., New York City Time on March 18, 2026 (unless further extended or earlier terminated). The closing price of Yext’s common stock on the New Yor Show less Read more
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