Yext, Inc. (YEXT): M&A transaction — Yext completes Hearsay acquisition for $125M cash plus up to $75M earnout

Yext, Inc.

Closed acquisition of Hearsay Systems on Aug 1, 2024; total consideration $125M cash at close.
Former Hearsay holders eligible for up to $75M contingent earnout over two years based on milestones.
Yext also established a $20M bonus pool for Hearsay employees, vesting on first anniversary.
Combined platform aims to be first end-to-end digital presence platform for multi-location brands.
Integration enables CRM synchronization (e.g., Salesforce) and compliance-driven client engagement.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Yext, Inc. completed an acquisition involving Hearsay Systems for $125 million in cash (closed 2024-08-01).

Action: acquisition
Counterparty: Hearsay Systems
Consideration: $125 million in cash
Closing: 2024-08-01

Exact text from the filing

not otherwise defined herein shall have the respective meanings ascribed to them in the Merger Agreement. The consideration paid by Yext at closing consisted of approximately $125 million in cash, as adjusted for the customary adjustments as set forth in the Merger Agreement, as well as the assumption of the Converted RSUs (as defined and described below). Subject

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Yext, Inc. filing history →

Source: SEC EDGAR

accession 0001614178-24-000088

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