TaskUs Board of Directors and Special Committee of Independent Directors Recommend Stockholders Vote \u201cFOR\u201d the Proposed Transaction<\/i><\/p>\n
NEW BRAUNFELS, Texas–(BUSINESS WIRE<\/a>)– \nAs previously announced on May 9, 2025, the Company and the Buyer Group entered into a definitive agreement under which the Buyer Group will acquire 100% of the outstanding shares of Class A common stock they do not already own for $16.50 per share in an all-cash transaction.<\/p>\n \nSince the announcement of the transaction, the Special Committee of the TaskUs Board of Directors (the \u201cSpecial Committee\u201d) and the Buyer Group have engaged in discussions with several stockholders concerning the proposed transaction. In light of AI\u2019s impact on the Company\u2019s business and its future prospects, the Special Committee continues to believe that the proposed transaction is in the best interest of TaskUs stockholders and recommends that stockholders vote \u201cFOR\u201d the proposed transaction. The Special Committee has not received a non-binding proposal from the Buyer Group to amend the terms of the merger agreement to be more favorable to the Company\u2019s stockholders unaffiliated with the Buyer Group.<\/p>\n How to Vote<\/b><\/p>\n \nTaskUs stockholders of record as of the close of business on August 6, 2025, who have not already voted or wish to change their votes are encouraged to do so promptly using the instructions provided in their voting instruction form or proxy card. Proxies previously submitted will be voted at the special meeting unless properly revoked.<\/p>\n \nThe Company urges stockholders to read all relevant documents that are filed or will be filed with the U.S. Securities and Exchange Commission, including the Company\u2019s definitive proxy statement filed on August 8, 2025, and the investor presentation filed on August 22, 2025.<\/p>\n \nTaskUs stockholders who need assistance completing their proxy card or have questions regarding the special meeting may contact TaskUs\u2019 proxy solicitor:<\/p>\n \nInnisfree M&A Incorporated:<\/p>\n About TaskUs<\/b><\/p>\n \nTaskUs is a leading provider of outsourced digital services and next-generation customer experience to the world\u2019s most innovative companies, helping its clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in fast-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ride-sharing, technology, financial services and healthcare. As of June 30, 2025, the Company had a worldwide headcount of approximately 60,400 people across 30 locations in 13 countries.<\/p>\n About Blackstone<\/b><\/p>\n \nBlackstone is the world\u2019s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone\u2019s more than $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com<\/a>. Follow @blackstone on LinkedIn<\/a>, X (Twitter)<\/a>, and Instagram<\/a>.<\/p>\n Additional Information and Where to Find It<\/b><\/p>\n \nThis communication may be deemed to be solicitation material in respect of the proposed acquisition of the Company by Breeze Merger Corporation. In connection with the proposed transaction, on August 8, 2025, the Company filed a definitive proxy statement with the U.S. Securities and Exchange Commission (\u201cSEC\u201d). The Company began mailing the definitive proxy statement on August 8, 2025, to its holders of record as of August 6, 2025. In addition, the Company and certain affiliates of the Company have jointly filed a transaction statement on Schedule 13E-3 (the \u201cSchedule 13E-3\u201d). INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT AND SCHEDULE 13E-3, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders are or will be able to obtain the documents (if and when available) free of charge either from the SEC\u2019s website at www.sec.gov<\/a>, or from the Company\u2019s Investor Relations webpage at ir.taskus.com<\/a>.<\/p>\n Participants in the Solicitation<\/b><\/p>\n \nThe Company and its directors, executive officers and other members of management and employees, under SEC rules, will be deemed to be \u201cparticipants\u201d in the solicitation of proxies from stockholders of the Company in favor of the proposed transaction. Information about the Company\u2019s directors and executive officers is set forth in the Company\u2019s Proxy Statement on Schedule 14A for its 2025 Annual Meeting of Shareholders, which was filed with the SEC on April 8, 2025 (available here<\/a>), under the sections \u201cExecutive and Director Compensation\u201d, \u201cBeneficial Ownership of Securities\u201d and \u201cCertain Relationships and Related Person Transactions\u201d. To the extent holdings of the Company\u2019s securities by its directors or executive officers have changed since the amounts set forth in such 2025 proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC.<\/p>\n \nAdditional information concerning the interests of the Company\u2019s participants in the solicitation, which may, in some cases, be different than those of the Company\u2019s stockholders generally, is included in the Company\u2019s definitive proxy statement relating to the proposed transaction, which was filed with the SEC on August 8, 2025.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nThis communication contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and further include, without limitation, statements reflecting the Company\u2019s current views with respect to, among other things, the Company\u2019s operations, the Company\u2019s financial performance, the Company\u2019s industry, the impact of the macroeconomic environment on the Company\u2019s business, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as \u201coutlook,\u201d \u201cbelieves,\u201d \u201cexpects,\u201d \u201cpotential,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cseeks,\u201d \u201cpredicts,\u201d \u201cintends,\u201d \u201ctrends,\u201d \u201cplans,\u201d \u201cestimates,\u201d \u201canticipates,\u201d \u201cposition us\u201d or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to: the risk that the proposed transaction may not be completed in a timely manner or at all; the failure to receive, on a timely basis or otherwise, the required approvals of the proposed transaction by the Company\u2019s stockholders; the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived; the possibility that competing offers or acquisition proposals for the Company will be made; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction, including in circumstances which would require the Company to pay a termination fee; the effect of the announcement or pendency of the proposed transaction on the Company\u2019s ability to attract, motivate or retain key executives and associates, its ability to maintain relationships with its customers, vendors, service providers and others with whom it does business, or its operating results and business generally; the potential impact of certain provisions of the merger agreement on the Company\u2019s liquidity and ability to fund its operations during the pendency of the proposed transaction; risks related to the proposed transaction diverting management\u2019s attention from the Company\u2019s ongoing business operations; and the risk of shareholder litigation in connection with the proposed transaction, including resulting expense or delay. Additional risks and uncertainties include but are not limited to those described under \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 6, 2025 and in the Company\u2019s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the SEC on August 7, 2025, as such factors may be updated from time to time in the Company\u2019s filings with the SEC, which are accessible on the SEC\u2019s website at www.sec.gov<\/a>. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company\u2019s SEC filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251007553157\/en\/<\/a><\/span><\/p>\n TaskUs Media: <\/b>Melissa Johnson\u00a0\/\u00a0Tim Ragones\u00a0\/\u00a0Kate Thompson
\nTaskUs, Inc. (Nasdaq: TASK) (\u201cTaskUs\u201d or the \u201cCompany\u201d), a leading provider of outsourced digital services and next-generation customer experience to the world\u2019s most innovative companies, today reminds all stockholders to vote \u201cFOR\u201d the adoption of the merger agreement and take-private acquisition by an affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar Weir (collectively, the \u201cBuyer Group\u201d) before the Company\u2019s special meeting of stockholders. The Company expects to convene the special meeting as scheduled on October 8, 2025, at 7:30 a.m. Central Time for purposes of voting on the adoption of the merger agreement.<\/p>\n\n
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<\/b>Investors:
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Trent Thrash
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IR@TaskUs.com
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Ramya Kumaraswamy
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mediainquiries@taskus.com
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Joele Frank,\u00a0Wilkinson Brimmer Katcher
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(212) 355-4449
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