Agilysys Announces Secondary Offering of Common Stock by Selling Stockholders

Agilysys, Inc. (NASDAQ: AGYS) (“Agilysys”, “our” or the “Company”), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced the commencement of a public offering of 867,729 shares of its common stock (the “Offering”) by certain investment funds managed by MAK Capital. Agilysys is not selling any shares in the Offering and will not receive any proceeds from the sale of the offered shares by the selling stockholders.

BTIG, LLC is acting as the sole underwriter for the Offering. The underwriter intends to offer the shares from time-to-time for sale in one or more transactions on the Nasdaq Stock Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

The Offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on September 15, 2023. The Offering is being made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained through the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: BTIG, LLC, 600 Montgomery Street, San Francisco, CA 94111 Attention: Syndicate Department (415-248-2200) or by email at [e-mail].

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

About Agilysys:

Agilysys exclusively delivers state-of-the-art software solutions and services that help organizations achieve High Return Hospitality by maximizing Return on Experience (ROE) through interactions that make ‘personal’ profitable. Customers around the world use Agilysys Property Management Systems (PMS), Point-of-Sale (POS) solutions and Inventory and Procurement (I&P) systems to consistently delight guests, retain staff and grow margins. Agilysys’ 100% hospitality customer base includes branded and independent hotels; multi-amenity resorts; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. Agilysys operates across the Americas, Europe, the Middle East, Africa, Asia-Pacific, and India with headquarters located in Alpharetta, GA.