---
schema_version: "secwatch.filing_event.v1"
accession: "0001614178-24-000088"
form_type: "8-K"
ticker: "YEXT"
cik: "0001614178"
company_name: "Yext, Inc."
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:28:11.209625+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Yext completes Hearsay acquisition for $125M cash plus up to $75M earnout

## Summary
- 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.

## SEC filing metadata
- accession: 0001614178-24-000088
- form_type: 8-K
- ticker: YEXT
- cik: 0001614178
- company_name: Yext, Inc.
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000088/0001614178-24-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000088/yext-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001614178-24-000088
- JSON: https://secwatch.observer/filing/0001614178-24-000088.json
- Plain text: https://secwatch.observer/filing/0001614178-24-000088.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000088/0001614178-24-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.