Thryv Holdings Announces Public Offering of Common Stock
October 29 2024 - 4:06PM
Business Wire
Thryv Holdings, Inc. (“Thryv” or the “Company”) (NASDAQ: THRY)
announced today that it has commenced an underwritten public
offering of $75.0 million of shares of its common stock, subject to
market and other conditions. In connection with the proposed
offering, Thryv intends to grant the underwriter a 30-day option to
purchase up to an additional 15% of the shares of common stock
offered in the public offering.
Thryv intends to use the net proceeds from this offering to fund
a portion of the purchase price for its previously announced
acquisition of Infusion Software, Inc. (d/b/a Keap).
RBC Capital Markets, LLC is acting as sole book-running manager
for the offering. RBC Capital Markets may offer the shares of
common stock from time to time for sale in one or more transactions
on the Nasdaq exchange, in the over-the-counter market, through
negotiated transactions or otherwise, at market prices prevailing
at the time of sale, at prices related to prevailing market prices
or at negotiated prices.
The offering is being conducted as a public offering pursuant to
Thryv’s effective shelf registration statement on Form S-3ASR under
the Securities Act of 1933, as amended. The offering is being made
only by means of a preliminary prospectus supplement and
accompanying prospectus. A preliminary prospectus supplement and
accompanying prospectus relating to the offering will be filed with
the SEC and will be available free of charge on the SEC’s website
at http://www.sec.gov. Copies of the preliminary prospectus
supplement and accompanying prospectus relating to this offering of
securities may also be obtained from RBC Capital Markets, LLC, 200
Vesey Street, 8th Floor, New York, NY 10281, Attention: Equity
Capital Markets, Facsimile: (212) 428-6260.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities described herein,
nor shall there be any sale of the securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities law of any such jurisdiction.
ABOUT THRYV HOLDINGS
Thryv is the provider of the leading do-it-all small business
software platform that empowers small businesses to modernize how
they work. It offers small business owners everything they need to
communicate effectively, manage their day-to-day operations, and
grow — all in one place — giving up to 20 hours back in their week.
Thryv’s customizable platform features three centers: Thryv Command
Center, a freemium central communications hub, Business Center™ and
Marketing Center™. Approximately 300,000 businesses globally use
Thryv to connect with local customers and take care of everything
they do, start to finish.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements regarding
the Company’s expectations relating to the proposed offering, the
intended use of proceeds therefrom and the Pending Acquisition.
These forward-looking statements are provided under the “safe
harbor” protection of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements generally can be
identified by phrases such as we, Thryv or management “expects,”
“anticipates,” “believes,” “estimates,” “intends,” “plans to,”
“ought,” “could,” “will,” “should,” “likely,” “appears” or other
similar words or phrases. These and other forward-looking
statements are based on management’s current views and assumptions
and involve risks and uncertainties that could significantly affect
expected results. Although we believe that our expectations are
reasonable, we can give no assurance that these expectations will
prove to be correct, and actual results may vary materially.
Results may be materially affected by factors such as: potential
volatility in the capital markets and their impact on the ability
to complete the proposed offering; risks associated with the
Pending Acquisition, including its consummation or the successful
integration of Keap with the Company; future levels of revenues
being lower than expected and costs being higher than expected;
failure or inability to implement growth strategies in a timely
manner; unfavorable reaction to the Pending Acquisition by
customers, competitors, suppliers and employees; conditions
affecting the industry generally; and conditions in the securities
market that are less favorable than expected. Except as required by
law, the Company undertakes no obligation to update, amend or
clarify any forward-looking statements to reflect changed
assumptions, the occurrence of anticipated or unanticipated events,
new information or circumstances or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241029755294/en/
Media Contact: Julie Murphy Thryv, Inc. 617.967.5426
julie.murphy@thryv.com
Investor Contact: Cameron Lessard Thryv, Inc.
214.773.7022 cameron.lessard@thryv.com
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