Thryv Holdings, Inc. (Thryv or the Company) (NASDAQ: THRY) has announced the pricing of an underwritten public offering of 5,715,000 shares of its common stock at a public offering price of $14.00 per share, totaling gross proceeds of approximately $80.0 million. The underwriter has been granted a 30-day option to purchase up to 857,250 additional shares of Thryv’s common stock. The net proceeds from this offering will be used to fund a portion of the purchase price for the previously announced acquisition of Infusion Software, Inc. (d/b/a Keap).
The offering is expected to close on or about October 31, 2024, subject to customary closing conditions. RBC Capital Markets, LLC is acting as the sole book-running manager for the offering. The shares of common stock may be offered for sale in one or more transactions on the Nasdaq exchange, in the over-the-counter market, through negotiated transactions, or at prevailing market 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. Interested parties can access the preliminary prospectus supplement and accompanying prospectus on the SEC’s website or through RBC Capital Markets, LLC.
Thryv is known for providing a leading do-it-all small business software platform that helps small businesses modernize their operations. The platform offers everything a small business owner needs to communicate effectively, manage daily operations, and grow, all in one place. Thryv’s customizable platform includes Thryv Command Center, Business Center™, and Marketing Center™, and is utilized by approximately 300,000 businesses worldwide.
This press release contains forward-looking statements related to the offering, the use of proceeds, and the Pending Acquisition. These statements are made under the safe harbor protection of the Private Securities Litigation Reform Act of 1995. While management believes the expectations to be reasonable, actual results may vary due to factors such as market volatility, risks associated with the Pending Acquisition, and business conditions.
The Company does not undertake any obligation to update or clarify forward-looking statements. For more information, visit the source version on businesswire.com.
Media Contact:
Julie Murphy
Thryv, Inc.
617.967.5426
[email protected]
Investor Contact:
Cameron Lessard
Thryv, Inc.
214.773.7022
[email protected]
Source: Thryv”