Thryv Holdings, Inc. (NASDAQ: THRY) (“Thryv” or the “Company”),
today announced that certain of the Company’s stockholders (the
“Selling Stockholders”) intend to offer for sale in an underwritten
secondary offering 3,500,000 shares of the Company’s common stock
(the “Offering”). The Selling Stockholders will also grant the
underwriters a 30-day option to purchase up to an additional
525,000 shares of common stock. The Selling Stockholders will
receive all of the proceeds from the Offering. Thryv is not
offering any shares of its common stock in the Offering and will
not receive any proceeds from the Offering, including from any
exercise by the underwriters of their option to purchase additional
shares. The Offering is subject to market and other conditions, and
there can be no assurance as to whether or when the offering may be
completed.
William Blair is acting as lead book-running manager and
representative of the underwriters for the Offering. Needham &
Company is also serving as a book-runner and CJS Securities is
acting as co-manager for the Offering.
The Offering will be made only by means of a prospectus. When
available, copies of the preliminary prospectus relating to the
Offering can be obtained from: William Blair & Company, L.L.C.,
Attention: Prospectus Department, 150 North Riverside Plaza,
Chicago, IL 60606; via telephone at (800) 621-0687 or via email:
prospectus@williamblair.com.
A registration statement on Form S-1 relating to these
securities has been filed with the Securities and Exchange
Commission, but has not yet become effective. A copy of the
preliminary prospectus can be accessed through the SEC’s website at
www.sec.gov.
These securities may not be sold, nor may offers to buy be
accepted, prior to the time that the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of any offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. Any offers, solicitations or offers to buy, or any
sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
Forward-Looking Statements
Some statements included in this release constitute
forward-looking statements. Statements that include the words
“may”, “will”, “could”, “should”, “would”, “believe”, “anticipate”,
“forecast”, “estimate”, “expect”, “preliminary”, “intend”, “plan”,
“project”, “outlook”, “future”, “forward”, “guidance” and similar
statements of a future or forward-looking nature identify
forward-looking statements. These statements are not guarantees of
future performance. Forward-looking statements provide current
expectations with respect to our financial performance and future
events with respect to our business and industry in general.
Forward-looking statements are based on certain assumptions and
include any statement that does not directly relate to any
historical or current fact. Accordingly, there are or will be
important factors that could cause our actual results to differ
materially from those indicated in these statements. We believe
that these factors include, but are not limited to, the risks
related to the following: risks related to the ongoing COVID-19
pandemic; the Company’s ability to maintain adequate liquidity to
fund operations; the Company’s future operating and financial
performance; the Company’s ability to consummate acquisitions, or,
if consummated, to successfully integrate acquired businesses into
the Company’s operations; the Company’s ability to recognize the
benefits of acquisitions, or the failure of an acquired company to
achieve its plans and objectives; limitations on our operating and
strategic flexibility and the ability to operate our business,
finance our capital needs or expand business strategies under the
terms of our credit facilities; our ability to retain existing
business and obtain and retain new business; general economic or
business conditions affecting the markets we serve; declining use
of print yellow page directories by consumers; our ability to
collect trade receivables from clients to whom we extend credit;
credit risk associated with our reliance on small and medium sized
businesses as clients; our ability to attract and retain key
managers; increased competition in our markets; our ability to
obtain future financing due to changes in the lending markets or
our financial position; our ability to maintain agreements with
major Internet search and local media companies; reduced
advertising spending and increased contract cancellations by our
clients, which causes reduced revenue; and our ability to
anticipate or respond effectively to changes in technology and
consumer preferences. All subsequent written and oral
forward-looking statements attributable to us or persons acting on
our behalf are expressly qualified in their entirety by such
cautionary statements.
If one or more events related to these or other risks or
uncertainties materialize, or if our underlying assumptions prove
to be incorrect, actual results may differ materially from what we
anticipate. For these reasons, we caution you against relying on
forward-looking statements. All forward-looking statements included
in this press release are expressly qualified in their entirety by
the foregoing cautionary statements. These forward-looking
statements speak only as of the date hereof and, other than as
required by law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
About Thryv Holdings, Inc.
Thryv Holdings, Inc. owns the easy-to-use Thryv® end-to-end
customer experience software built for growing small to medium
sized businesses (SMBs) that helps over 40,000 SaaS clients with
the daily demands of running a business. With Thryv®, SMBs can get
the job, manage the job and get credit. Thryv’s award-winning
platform provides modernized business functions, allowing SMBs to
reach more customers, stay organized, get paid faster and generate
reviews. These functions include building a digital customer
database, automated marketing through email and text, updating
business listings across the internet, scheduling online
appointments, sending notifications and reminders, managing ratings
and reviews, generating estimates and invoices, and processing
payments.
Thryv supports franchise operators and multi-location business
owners with Hub by Thryv™, a software console that enables
businesses managers to oversee their operations using the Thryv®
software.
Thryv also connects local businesses to consumer services
through our search, display and social media management products,
our print directories featuring The Real Yellow Pages® tagline, and
our local search portals, which operate under the DexKnows.com®,
Superpages.com® and Yellowpages.com URLs and reach some 35 million
monthly visitors. For more information about the company, visit
thryv.com.
Thryv delivers business services to more than 400,000 SMBs
worldwide that enable these SMBs to compete and win in today’s
economy.
On March 1, 2021, Thryv announced it closed the acquisition of
Sensis, Australia’s leading digital, marketing and directory
services provider, which helps Australians connect and engage
through its leading platforms, digital consumer businesses (Yellow,
White Pages, True Local and Whereis), search engine marketing and
optimization services, website products, social, data and mapping
solutions, and through its digital agency Found. Sensis is also
Australia’s largest print directory publisher including the Yellow
and White Pages.
Headquartered in Melbourne, Sensis has a sales presence in all
states and territories across Australia.
Media Contact:
Paige Blankenship
Thryv, Inc.
972.453.3012
paige.blankenship@thryv.com
Investor Contacts:
Cameron Lessard
Thryv, Inc.
214.773.7022
cameron.lessard@thryv.com
KJ Christopher
Thryv, Inc.
972.453.7068
kj.christopher@thryv.com
###
Paige Blankenship
Thryv, Inc.
972.453.3012
paige.blankenship@thryv.com
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