secwatch.observer — SEC 8-K summary
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Issuer:     Thryv Holdings, Inc. (THRY)
CIK:        0001556739
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001140361-24-044536
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thryv to acquire Keap for $80M, announces $75M equity offering and preliminary Q3 results
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- Thryv entered into a merger agreement to acquire all outstanding capital stock of Infusion Software (Keap) for $80 million in cash.
- Thryv launched a $75.0 million public offering of common stock, with an underwriter option for an additional 15%, to fund the Keap acquisition.
- Preliminary Q3 2024 SaaS revenue expected $86M-$88M, up 28-31% year-over-year; SaaS Adjusted EBITDA expected $10M-$11M.
- Thryv recorded a non-cash goodwill impairment charge of $83.1 million in its Marketing Services reporting unit, fully reducing goodwill to zero.
- Thryv received an SEC subpoena on October 17, 2024, requesting documents related to its client conversion from digital marketing to SaaS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556739/000114036124044536/0001140361-24-044536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556739/000114036124044536/ny20037751x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-044536

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