Michael Walrath in his proposal to acquire Yext

On August 18, 2025, Yext, Inc. (NYSE: YEXT) announced that Michael Walrath, its Chief Executive Officer and Chairman of the Board of Directors, has submitted a proposal to acquire all of the outstanding shares of Yext not already owned by him for $9.00 per share.  In response to Mr. Walrath’s proposal, Yext’s Board of Directors has formed a Special Committee of independent directors to review and consider the proposal.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Michael Walrath.