PALO ALTO, Calif. - Intapp, Inc. (NASDAQ:INTA), a provider of AI-powered software for various professional sectors, has announced that entities affiliated with Great Hill Equity Partners IV, L.P. will offer 7,000,000 shares of the company\'s common stock in an underwritten public offering.
The proceeds from the sale will go entirely to the selling stockholder, with the company itself not selling any shares nor receiving any proceeds from this offering.
The shares will be available on the Nasdaq Global Select Market under the ticker symbol INTA. The underwriters, led by J.P. Morgan, have been granted an option to purchase up to an additional 1,050,000 shares from the selling stockholder at the public offering price, less underwriting discounts and commissions.
This offering will be conducted in accordance with a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC) and became effective on May 16, 2023. The securities will be offered via a free writing prospectus, a prospectus supplement, and an accompanying prospectus that are part of the registration statement.
Intapp specializes in leveraging Applied AI to unlock knowledge, relationships, and operational insights for professional firms, aiming to enhance their decision-making and competitive advantage. The company\'s solutions are trusted by leading firms in accounting, consulting, investment banking, legal, private capital, and real assets sectors.
The press release from Intapp contains forward-looking statements regarding the offering\'s anticipated size, terms, and success. However, these statements are subject to market conditions and other factors that could affect the final outcome of the offering.
This news is based on a press release statement, and it is advised that potential investors read the prospectus and other documents filed with the SEC for a more complete understanding of the company and the offering. Copies of these documents will be available from J.P. Morgan Securities LLC upon request.
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