M&A - Yext, Inc.

Form Type: 10-K

Filing Date: 2025-03-13

Corporate Action: Acquisition

Type: Update

Accession Number: 000161417825000030

Filing Summary: Yext, Inc. has filed its Annual Report on Form 10-K for the fiscal year ending January 31, 2025. The report provides comprehensive insights into the company's performance, strategy, and operational conditions. Yext operates a digital presence platform that enables businesses to deliver accurate and engaging consumer experiences across multiple digital channels. It leverages a knowledge graph to manage information for clients, which includes a vast Publisher Network comprising notable platforms like Amazon Alexa, Google, and Facebook. The report highlights the significant acquisition of Hearsay Social, Inc., emphasizing its strategic importance to enhance Yext's service offerings. Financial metrics indicate an improving revenue trend, though challenges remain due to competitive and macroeconomic factors. Forward-looking statements are included regarding anticipated growth, international expansion, and market trends. The company underscores the importance of maintaining robust cash flow to meet operational needs in the coming fiscal year and acknowledges industry risks and uncertainties.

Document Link: View Document

Form Type: 8-K

Filing Date: 2025-02-10

Corporate Action: Acquisition

Type: New

Accession Number: 000161417825000007

Filing Summary: On February 7, 2025, Yext, Inc. entered into a Unit Purchase Agreement with KabanaSoft, LLC to acquire all Units in Places Scout, making it a wholly-owned subsidiary. The purchase price for the acquisition was set at $20.3 million in cash, subject to adjustments, alongside an agreement to grant approximately $10 million in incentive equity to key employees of Places Scout. A press release was issued on February 10, 2025, detailing the acquisition and updating financial guidance for Yext's fiscal year ended January 31, 2025. The press release is attached to the 8-K as Exhibit 99.1.

Document Link: View Document