Yext Commences $180M Modified Dutch Auction Tender Offer at Premium to Market Price
YEXT sits 18% above its 52-week low of $4.665.
Summary
Yext, Inc. launched a modified Dutch auction tender offer to repurchase up to $180 million of its common stock at a premium to its current market price, following the recent withdrawal of a take-private bid.
Key Events · Financing and Capital Events · YEXT
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Initiates $180M Tender Offer
Yext, Inc. commenced a modified Dutch auction tender offer to repurchase up to $180 million in value of its common stock.
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Significant Capital Return
The offer could repurchase between 22.5% and 25.5% of outstanding shares, representing a substantial return of capital to shareholders.
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Premium Pricing
The tender offer price range of $5.75 to $6.50 per share is above the current market price of $5.52 and the last reported sale price of $4.91 before the announcement.
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Increased Leverage
The buyback will be funded by cash and borrowings, increasing long-term indebtedness from $98.0 million to an estimated $177.2 million.
Analysis · YEXT · Technology
Yext, Inc. has initiated a significant modified Dutch auction tender offer to repurchase up to $180 million of its common stock. This represents a substantial capital return, potentially buying back between 22.5% and 25.5% of outstanding shares, depending on the final purchase price. The offer price range of $5.75 to $6.50 per share is at a premium to the current market price of $5.52 and the last reported sale price of $4.91 before the announcement, signaling management's belief in the company's intrinsic value. The company plans to fund the buyback through a combination of cash on hand and increased borrowings, which will raise its long-term indebtedness from $98.0 million to an estimated $177.2 million. This action follows the recent withdrawal of the CEO's proposal to take the company private at $9.00 per share, indicating a shift in strategy to return capital to shareholders and potentially stabilize the stock after the failed higher-priced bid. Directors and executive officers do not intend to tender their shares, which will increase their proportional ownership.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, YEXT was trading at $5.52 on NYSE in the Technology sector, with a market capitalization of approximately $602.1M. The 52-week trading range was $4.67 to $9.20. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.