Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 125

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 125
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 net 5,619 Prepaid expenses and other current assets 2,454 Property and equipment, net 399 Operating lease right-of-use assets 414 Other long term assets (1) 5,942 Liabilities assumed: Accounts payable, accrued expenses, and other current liabilities (5,127) Operating lease liabilities, current (74) Unearned revenue, current (37,672) Operating lease liabilities, non-current (340) Other long term liabilities (1)(2) (11,179) Identifiable intangible assets acquired 101,200 Net assets acquired $ 87,998 Goodwill (3) $ 92,429 Total consideration $ 180,427 (1) Other long term assets includes a $5.9 million indemnification asset, with the underlying indemnified liability of $6.2 million recorded within other long term liabilities. (2) Included within other long term liabilities is a deferred tax liability of approximately $3.4 million. (3) Inclusive of post-closing adjustments of less than $0.1 million. The Company determined the fair value of assets acquired and liabilities assumed by using available market information and various valuation methods that require judgement related to estimates. The preliminary fair value estimates and assumptions regarding certain tangible assets acquired and liabilities assumed, and the valuation of intangible assets acquired, income taxes and contingent consideration are subject to change as additional information is obtained during the measurement period. During the fiscal year ended January 31, 2025, the Company refined its estimates pertaining to the valuation of intangibles which resulted in an increase of $9.9 million in intangible assets and $1.7 million in deferred tax liabilities. Additionally, the Company increased the useful life of the customer relationships asset from 12 years to 13 years. See Note 7 "Goodwill and Intangible Assets" for additional information. 77

Pursuant to the terms of the merger agreement, the Company was indemnified by the sellers for the pre-Acquisition contingent liability assumed in the Acquisition associated with the Canadian Good and Services Tax (“GST”) and Harmonized sales tax (“HST”) related to certain historical foreign sales transactions. The indemnification of the indirect tax liability is capped at $5.9 million and an escrow fund was established in the same amount. At the Acquisition Date, the associated indirect tax liability was recorded at the estimated fair value of $6.2 million within other long term liabilities, and the Company recorded an indemnification asset up to the amount of the escrow