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Yext (YEXT) has issued an announcement.
Yext, Inc. has successfully completed its merger with Hearsay Social, Inc., turning Hearsay into a fully-owned subsidiary as of August 1, 2024. The deal involved an initial cash payment of approximately $125 million with adjustments, plus a potential additional $75 million based on performance milestones over two years. Additionally, key Hearsay employees and founders may partake in a $20 million bonus pool. Hearsay stock options were converted to Yext restricted stock units, with terms carried over from the original Hearsay plan. This strategic move aims to strengthen Yext’s market position and offer growth opportunities for involved parties.
See more data about YEXT stock on TipRanks’ Stock Analysis page.
