Intapp, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Intapp, Inc. on May 18, 2023, covering events occurring on May 16 and May 17, 2023. The filing details the execution of an underwriting agreement for a public offering of common stock.
Key Financial Metrics
The filing does not report operational financial metrics such as revenue, profit, cash flow, margins, or debt levels. The primary financial data relates to the capital raise:
- Gross Proceeds to Company: Approximately $73.0 million (before underwriting discounts and expenses).
- Offering Price: $36.50 per share.
- Shares Issued by Company: 2,000,000 shares.
- Shares Sold by Selling Stockholders: 4,250,000 shares (Company receives no proceeds from these).
- Over-Allotment Option: Underwriters exercised the full option to purchase an additional 937,500 shares.
Material Changes
The material change reported is the completion of the underwriting agreement for the Offering. The Company will receive net proceeds from the sale of its shares, while Selling Stockholders will receive proceeds from their respective sales. The Offering is expected to close on May 22, 2023.
Guidance, Outlook, and Risks
Use of Proceeds: The Company intends to use the net proceeds for working capital and general corporate purposes.
Risks and Contingencies: The closing of the Offering is subject to the satisfaction of customary closing conditions. The Underwriting Agreement includes customary representations, warranties, indemnification obligations, and termination provisions.
Key Facts for Investor Verification
- Verify the final closing date of the Offering (expected May 22, 2023).
- Confirm the total number of shares issued after the full exercise of the over-allotment option.
- Review the final net proceeds after deducting underwriting discounts and offering expenses.
- Check subsequent filings for the actual cash impact on the balance sheet post-closing.