Yext, Inc.
| Company Name | Yext, Inc. |
| Stock Symbol | YEXT |
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Background
On February 2, 2026, Yext disclosed that its CEO, Michael Walrath, had withdrawn his proposal to acquire all outstanding shares of the Company not already owned by him because he “would not be able to obtain the necessary financing.”
Walrath had previously claimed that his proposal was “backed by reputable and well-capitalized financing sources[.]”
On this news, Yext’s stock price fell $1.69, or 23.6%, to close at $5.47 per share on February 2, 2026, thereby injuring investors.
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