Yext, Inc. Files 8-K on Material Agreement & Financials

Ticker: YEXT · Form: 8-K · Filed: Feb 10, 2025 · CIK: 1614178

Yext, INC. 8-K Filing Summary
FieldDetail
CompanyYext, INC. (YEXT)
Form Type8-K
Filed DateFeb 10, 2025
Risk Levelmedium
Pages5
Reading Time5 min
Key Dollar Amounts$0.001, $20.3 million, $10.0M
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-results

TL;DR

Yext filed an 8-K for a new deal and financial update.

AI Summary

Yext, Inc. filed an 8-K on February 10, 2025, reporting on events that occurred on February 7, 2025. The filing indicates an entry into a material definitive agreement and also covers results of operations and financial condition. Specific details regarding the agreement or financial results were not provided in this excerpt.

Why It Matters

This filing signals significant corporate activity for Yext, Inc., potentially involving new business deals or updated financial performance that could impact investors.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and financial results, which could introduce new risks or opportunities for the company.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Yext, Inc. on February 7, 2025?

The provided excerpt does not specify the details of the material definitive agreement.

What specific financial information or results of operations are being reported by Yext, Inc. in this 8-K filing?

The excerpt indicates that results of operations and financial condition are covered, but does not provide specific details.

What is Yext, Inc.'s principal executive office address?

Yext, Inc.'s principal executive offices are located at 61 Ninth Avenue, New York, NY 10011.

What is the SEC file number for Yext, Inc.?

Yext, Inc.'s SEC file number is 001-38056.

When is Yext, Inc.'s fiscal year end?

Yext, Inc.'s fiscal year ends on January 31st.

Filing Stats: 1,354 words · 5 min read · ~5 pages · Grade level 13.1 · Accepted 2025-02-10 16:08:52

Key Financial Figures

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On February 7, 2025 , Yext, Inc. ("Yext") entered into a Unit Purchase Agreement (the "Unit Purchase Agreement") with KabanaSoft, LLC, a Pennsylvania limited liability company d/b/a Places Scout ("Places Scout"), the individual sellers listed on the signature pages thereto (the "Sellers") and Mark Kabana, in his capacity as the representative of the Sellers, pursuant to which it purchased all of the Units in Places Scout and Places Scout became a wholly-owned subsidiary of Yext (the "Acquisition"). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Unit Purchase Agreement. Pursuant to the Unit Purchase Agreement, Yext (i) purchased the Units for a purchase price of $20.3 million in cash, subject to customary adjustments as set forth in the Unit Purchase Agreement and (ii) agreed to grant approximately $10.0M of incentive equity, based on current trading prices of Yext's common stock, to certain key employees of Places Scout. Yext and Places Scout have made customary representations, warranties, and covenants in the Unit Purchase Agreement. The foregoing description of the Unit Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Unit Purchase Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference. It is not intended to provide any financial or other factual information about Yext, Places Scout, or any other party to the Unit Purchase Agreement. There are representations, warranties, and covenants contained in the Unit Purchase Agreement that were made by the parties to each other as of specific dates. The representations, warranties, and covenants (1) were made only for purposes of the Unit Purchase Agreement and were solely for the benefit of the parties to the Unit Purchase Agreement, (2) may be subject to important qualifications and limitatio

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On February 10, 2025, Yext issued a press release (the "Press Release") announcing the Acquisition. The Press Release also included certain updates to Yext's guidance for the fourth fiscal quarter and fiscal year ended January 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The Company uses its Investor Relations page (http://investors.yext.com) as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. The information in this Item 2.02 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Forward-Looking Statements

Forward-Looking Statements This report contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. You can identify forward-looking statements by the use of terminology such as "believe", "expect", "will", "should," "could", "estimate", "anticipate" or similar forward-looking terms. These forward-looking statements include, but are not limited to, statements regarding the anticipated timing, completion and effects of the Unit Purchase. The statements are based on management's current expectations, estimates and projections, are not guarantees of future performance, and are subject to certain risks, uncertainties and other factors, some of which are beyond Yext's control and are difficult to predict, including, but not limited to, the ability to successfully complete the Unit Purchase on anticipated terms and timetable; the ability to successfully integrate and achieve expected benefits of the Unit Purchase; and risk relating to any unforeseen liabilities of Places Scout. The forward-looking statements contained in this Current Report on Form 8-K are also subject to other risks and uncertainties, including those described in Yext's Annual Report on Form 10-K for the period ended January 31, 2024, Yext's most recent Quarterly Report on Form 10-Q and from time to time other filings with the SEC, which are available on the SEC's website ( http://www.sec.gov ). Stockholders of Yext are cautioned not to place undue reliance on Yext's forward-looking statements, which speak only as of the date such statements are made. Yext does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this filing, or to reflect the occurrence of unanticipated events.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 * Unit Purchase Agreement among Yext, Inc., KabanaSoft, LLC, the Sellers and the Seller Representative, dated as of February 7, 2025 99.1 Press Release dated Fe bruary 10 , 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *The registrant has omitted certain immaterial schedules and exhibits to this exhibit pursuant to the provisions of Regulation S-K, Item 601(b)(2). The schedule of exhibits omitted is included with such agreement. The registrant shall supplementally furnish a copy of any of the omitted schedules to the Commission upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. YEXT, INC. By: /s/ Ho Shin Ho Shin EVP & General Counsel Date: February 10, 2025

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