Yatra Online, Inc. Announces Proposed Public Offering of Ordinary Shares

Rhea-AI Summary

Yatra Online, Inc. (NASDAQ: YTRA) has announced a planned underwritten public offering of ordinary shares, all to be sold by the company. The offering depends on market conditions, with no assurances on the completion, size, or terms. H.C. Wainwright & Co. is acting as the sole book-running manager. A registration statement regarding this offering was previously filed and became effective on May 24, 2018. This press release does not constitute an offer or solicitation of sale in jurisdictions where it would be unlawful.

Positive

• None.

Negative

• Potential dilution of existing shares due to the public offering.
• Uncertainties around market conditions impacting the offering's success.

GURUGRAM, India and NEW YORK, June 18, 2020 /PRNewswire/ -- Yatra Online, Inc. ("Yatra") (NASDAQ: YTRA, OTCQX: YTROF), India's leading online travel company, today announced that it is commencing an underwritten public offering of its ordinary shares.  All of the ordinary shares in the offering are to be sold by Yatra. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

H.C. Wainwright & Co. is acting as the sole book-running manager for the proposed offering.

A registration statement relating to these ordinary shares has been filed with the U.S. Securities and Exchange Commission (SEC) and became effective on May 24, 2018. The offering will be made only by means of a written prospectus and prospectus supplement that will form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov.  Alternatively, electronic copies of the preliminary prospectus supplement and the accompanying prospectus, when available, may be obtained from H.C. Wainwright & Co., LLC, 430 Park Avenue, New York, NY 10022, by email at placements@hcwco.com or by phone at (646) 975-6996.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Yatra

We are the second largest online travel agent company in India. Based in Gurugram, India, we are a one-stop-shop for all travel related services. A brand that believes in "Creating Happy Travelers," we provide information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, Packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading consolidator of accommodation options, we provide real-time bookings for more than 108,000 hotels and homestays in India and over 1.5 million hotels around the world. Through our website, www.yatra.com, our mobile application and our other associated platforms, leisure and business travelers can explore, research, compare prices and book a wide range of services catering to their travel needs.

Forward-Looking Statements

Statements contained in this press release that relate to future results and events, including, but not limited to, statements regarding above-described public offering of ordinary shares, may constitute "forward-looking statements" within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "seem," "should" and similar expressions. Such statements include, among other things, management's beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this release is provided as of the date of issuance of this release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law

View original content to download multimedia:http://www.prnewswire.com/news-releases/yatra-online-inc-announces-proposed-public-offering-of-ordinary-shares-301079868.html

SOURCE Yatra Online, Inc.

FAQ

What is the purpose of Yatra's public offering on June 18, 2020?

Yatra is conducting the public offering to raise capital, with all ordinary shares being sold by the company.

Who is managing Yatra's public offering?

H.C. Wainwright & Co. is the sole book-running manager for the public offering.

What uncertainties surround Yatra's public offering?

The offering is subject to market conditions, leaving uncertainty regarding its completion, size, and terms.

How can I access Yatra's offering documents?

Preliminary prospectus supplements and accompanying prospectuses will be available on the SEC's website and from H.C. Wainwright & Co.

What risks does Yatra face due to this public offering?

Potential risks include share dilution and market volatility affecting the offering's success.