Yext Reduces Modified Dutch Auction Tender Offer From $180M To $140M Amid Higher Borrowing Costs, Extends Deadline To March 18, 2026

Yext, Inc. (NYSE:YEXT), the leading brand visibility platform, today announced that it is amending its previously announced "modified Dutch Auction" tender offer for shares of its common stock to decrease the maximum aggregate purchase price of shares to be repurchased in the tender offer from $180,000,000 to $140,000,000. The decision follows a re-evaluation by Yext of the value of borrowing additional funds under Yext's existing credit facilities due to the increased cost of such capital as a result of recent macro-economic developments, including geopolitical tensions, significant stress in the private capital markets, and increased inflationary concerns.

In connection with the amendment, Yext has extended the expiration time of the tender offer from 5:00 p.m., New York City time, on March 12, 2026 to 5:00 p.m., New York City Time on March 18, 2026 (unless further extended or earlier terminated). The closing price of Yext's common stock on the New York Stock Exchange on March 3, 2026, the last full trading day before the amendment of the tender offer, was $5.67 per share.

Based on information provided by Broadridge Corporate Issuer Solutions, LLC, the depositary for the tender offer, to date, 3,000 shares have been tendered for purchase in the tender offer. Stockholders who have validly tendered and not withdrawn their shares do not need to re-tender their shares or take any other action in response to the amendment and extension of the tender offer.