Thryv Holdings Launches $75 Million Common Stock Offering
Thryv Holdings Unveils Major Public Stock Offering
Thryv Holdings, Inc. (NASDAQ: THRY) has made a significant announcement regarding its financial strategies. The company is initiating an underwritten public offering of shares amounting to $75 million. This move reflects Thryv's commitment to strengthening its position in the market, although the final price will be subject to prevailing market conditions.
Purpose Behind the Offering
The proceeds from this public offering are intended to support the acquisition of Infusion Software, Inc. (commonly referred to as Keap). This acquisition aligns perfectly with Thryv's objective to enhance their offerings for small businesses, providing the necessary tools for them to thrive.
Investment and Financial Insights
RBC Capital Markets, LLC is appointed as the sole book-running manager for this stock offering. The management at RBC Capital Markets may facilitate the sale of these shares through various channels, including the Nasdaq exchange and the over-the-counter market. Their expertise will prove valuable in this transaction, catering to market demands and ensuring effective distribution.
Transparency and Regulation Compliance
The entire process of this offering is being conducted under Thryv’s effective shelf registration statement on Form S-3ASR, which adheres to the Securities Act of 1933. Transparency is a key element, as the offering will only be executed with a preliminary prospectus supplement and accompanying prospectus. Any interested parties will have free access to these documents on the SEC’s website, ensuring compliance with regulatory standards.
Investment Considerations
The preliminary prospectus detailing this public offering is crucial for potential investors. It contains significant information including terms of the offering as well as insights on how the funds will be utilized. While the company remains optimistic about the benefits of this acquisition, it is paramount for investors to evaluate the associated risks thoroughly before proceeding.
About Thryv Holdings
Thryv is renowned for its all-inclusive software platform tailored for small businesses. Its innovative solutions aim to modernize how these businesses operate, offering everything from effective communication tools to comprehensive management capabilities. By utilizing Thryv, business owners can save up to 20 hours each week, allowing them to focus on the growth of their ventures.
This platform includes the Thryv Command Center, which serves as a central hub for communications, in addition to specialized centers for business operations and marketing. As of now, nearly 300,000 businesses have embraced Thryv to better connect with local customers and streamline their operations.
Frequently Asked Questions
What is the main goal of Thryv's public offering?
The primary aim is to raise funds to support the acquisition of Infusion Software, Inc. (Keap) and enhance its offerings for small businesses.
Who is managing the public offering?
RBC Capital Markets, LLC is the sole book-running manager for the public offering.
Where can I find more information about the offering?
Potential investors can view the preliminary prospectus and additional documents on the SEC’s website for detailed information.
How does Thryv support small businesses?
Thryv offers a platform that includes tools for communication, management, and marketing, designed to save small business owners time and help them operate more efficiently.
What differentiates Thryv from its competitors?
Thryv's all-in-one platform provides extensive features that allow businesses to manage all their operations in one place, ensuring a seamless experience for users.
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