Yext shares surge 12.93% after-hours as modified Dutch auction tender offer for $180M in shares with premium pricing.

Yext, Inc. (NYSE: YEXT) surged 12.93% in after-hours trading following the announcement of a $180 million modified Dutch auction tender offer to repurchase shares at prices between $5.75 and $6.50, representing a 17%-32% premium to its closing price of $4.91. The offer, set to expire on March 12, 2026, aims to return capital to shareholders by allowing them to tender shares at selected prices within the range, offering liquidity without open-market price volatility. This strategic move, highlighted in multiple news reports, signals management’s confidence in the stock’s undervaluation and aligns with shareholder value-creation efforts. While another report mentioned a separate $150 million repurchase plan by CEO Michael Walrath, the immediate catalyst for the after-hours rally was the $180 million tender offer’s announcement.