Yext, Inc. announced on August 18, 2025, that its Chief Executive Officer and Chairman of the Board, Michael Walrath, submitted a non-binding proposal to acquire all outstanding shares of the company not already owned by him. The proposed acquisition price is $9.00 per share in cash, valuing the deal at approximately $1.1 billion.
Mr. Walrath indicated that his proposal is backed by reputable and well-capitalized financing sources. He also expressed a willingness to work constructively with other qualified bidders and support a full process to ensure stockholders have the opportunity to realize the best possible outcome.
In response to the proposal, Yext's Board of Directors formed a Special Committee of independent directors to evaluate the offer and consider any other strategic alternatives. Due to the pending proposal, Yext will not hold a corresponding conference call for its upcoming Q2 FY26 results and withdrew its guidance for the remainder of the full fiscal year 2026.
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