Thryv settles tax indemnity from 2017 acquisition; Sellers transfer 613,954 shares for $15.8M

Thryv Holdings, Inc.

Settlement resolves $15.76M tax indemnity from 2017 YP acquisition; Sellers transfer 613,954 shares to Thryv for cancellation.
Remaining 1,190,761 shares previously held as security are released; Sellers may transfer them freely after settlement.
Share valuation for transfer based on Nasdaq closing price on June 20, 2023.
Thryv also notes ~$3M in R&D tax refunds still pending under the original acquisition agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Thryv Holdings, Inc. entered into Settlement Agreement with Yosemite Sellers Representative LLC valued at $15,760,190 (effective 2023-06-22).

Action: entry
Agreement: settlement
Counterparty: Yosemite Sellers Representative LLC
Value: $15,760,190
Effective: 2023-06-22

Exact text from the filing

On June 22, 2023, Thryv Holdings, Inc. (the “Company”) entered into a Settlement Agreement (the “Agreement”) with Yosemite Sellers Representative LLC (“Representative”) regarding the settlement of certain tax indemnity obligations under that certain Acquisition Agreement, dated as of June 30, 2017

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Thryv Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-031058

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