secwatch.observer — SEC 8-K summary
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Issuer:     Yext, Inc. (YEXT)
CIK:        0001614178
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001614178-24-000088
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614178/000161417824000088/0001614178-24-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614178/000161417824000088/yext-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001614178-24-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer