Banking Recap

Intapp, Inc. Prices Equity Offering

Intapp, Inc. (NASDAQ: INTA), a provider of cloud software for the global professional and financial services industry, announced its intention to offer and sell 2,000,000 shares of common stock in an underwritten public offering, with certain selling stockholders concurrently offering an additional 4,250,000 shares in the same offering. The release states the company intended to use net proceeds from its own share sale for working capital and general corporate purposes, while receiving no proceeds from the shares sold by the selling stockholders.

May 19, 2023·SEC EDGAR (8-K)·pending regulatory·follow-on offering (primary + selling stockholders)

This record is sourced from an 8-K exhibit (Exhibit 99.1) that Intapp filed with the SEC on May 19, 2023, announcing the proposed offering. At the time of filing the offering had only been announced as intended and had not yet priced; the release explicitly cautions that "there can be no assurance as to whether or when the Offering may be completed."

This is an equity capital markets transaction rather than an M&A advisory mandate: BofA Securities and Barclays acted as joint lead book-running managers for the offering, per the release: "BofA Securities and Barclays are acting as the joint lead book-running managers for the Offering." No other banks or financial advisors are named.

No legal advisors are disclosed in this exhibit.

On deal mechanics, the release states that certain selling stockholders were expected to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the total shares offered, on the same terms less the underwriting discount, and that the offering was to be made pursuant to an already-effective shelf registration statement filed with the SEC.

Not disclosed in this exhibit: the offering price per share, the aggregate dollar size of the offering, the identity of the selling stockholders (only that "certain selling stockholders" intended to sell), and whether or when the offering was ultimately priced and closed, since this release only announces the proposed terms.