Intapp Inc., trading under the ticker symbol "INTA" on the Nasdaq Global Select Market, recently disclosed that several entities associated with Great Hill Equity Partners IV, L.P. intend to partake in an underwritten public offering. Comprising an aggregate of 7 million shares of Intapp's common stock, the entire proceeds from this transaction will be received by the Selling Stockholder.
The company made clear it won't be selling any shares of its common stock in this offering and won't derive any financial gain from the Selling Stockholder's sale of the company's shares.
In addition to the initial 7 million, the underwriter has an option, valid for 30 days, to purchase up to an additional 1.05 million Intapp company shares from the Selling Stockholder. This purchase would be conducted at the public offering price, subtracting any underwriting discounts and commissions.
Regarding recent trading activities, as of Monday's close, Intapp's shares were priced at $37.78, marking a decrease of $0.37 or 0.97%. Further developments after regular trading hours saw the share price declining an additional $1.29 or 3.41%.
