Yext CEO withdraws $9/share buyout bid; company plans $150M self-tender

Yext, Inc.

CEO Michael Walrath withdraws non-binding proposal to acquire Yext at $9.00/share due to inability to secure financing.
Board authorizes Dutch auction self-tender to repurchase $150M of common stock, expected to commence in February 2026.
Walrath remains CEO, cites AI-driven demand and expresses confidence in Yext's future as a public company.
Self-tender funded partly by debt; conditions include a financing condition before expiration.
Special Committee of independent directors conducted comprehensive review of strategic alternatives since August 2025.

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