Yext CEO proposes $9.00/share buyout; withdraws FY2026 guidance

Yext, Inc.

CEO Michael Walrath submits non-binding proposal to acquire all outstanding shares not already owned at $9.00 per share cash.
Proposal backed by well-capitalized financing sources; subject to customary confirmatory diligence and negotiation of definitive agreements.
Board forms Special Committee of independent directors; retains BofA Securities (financial) and Wilson Sonsini (legal).
Yext expects Q2 FY2026 results within or better than prior guidance; full-year FY2026 guidance withdrawn due to proposal.

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