Yatra Online, Inc., India’s leading online travel company, announced the closing of its previously announced underwritten public offering of 14,375,000 of its ordinary shares, which includes the exercise in full of the underwriter’s option to purchase an additional 1,875,000 ordinary shares, at a public offering price of $0.80 per ordinary share, less underwritten discounts and commissions.

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H.C. Wainwright & Co. acted as the sole book-running manager for the offering.

The gross proceeds of the offering were USD$11.5 million, prior to deducting underwriting discounts and commissions and offering expenses. Yatra intends to use the net proceeds from this offering for general corporate and business purposes.

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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 was made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A final prospectus supplement and the accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website.  Alternatively, electronic copies of the final prospectus supplement and the accompanying prospectus 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.

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