Business
Intapp Announces Proposed Public Offering of Common Stock
PALO ALTO, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ: INTA) (the “Company”), a leading provider of cloud software for the global
About this update from Intapp, Inc.
[{"type":"text","content":"PALO ALTO, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ: INTA) (the “Company”), a leading provider of cloud software for the global professional and financial services industry, today announced that it intends to offer and sell 2,000,000 shares of the Company’s common stock in an underwritten public offering (the “Offering”). Certain selling stockholders also intend to offer 4,250,000 shares of the Company’s common stock in the Offering. In addition, certain of the selling stockholders are expected to grant the underwriters an option for a period of 30 days to purchase up to an additional 15% of the total number of shares of common stock to be offered in the Offering on the same terms and conditions, less the underwriting discount. 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. The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders. BofA Securities and Barclays are acting as the joint lead book-running managers for the Offering. The securities described above are being offered by the Company and the selling stockholders pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). The Offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the Offering have been filed with the SEC and are available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement, when available, and accompanying prospectus relating to the Offering may be obtained from: BofA Securities, 201 North Tryon Street Charlotte, North Carolina 28255-0001 (Attention: Prospectus Department); or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, by email: [email protected], or by telephone: (888) 603-5847. This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of th...