Grid Dynamics Announces Pricing of Public Offering
Grid Dynamics Holdings, Inc. - Class A (GDYN)
Company Research
Source: Business Wire
SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (“Grid Dynamics”), a leader in technology consulting, platform and product engineering, AI, and digital engagement services, today announced the pricing of an underwritten public offering of 5,750,000 shares of its common stock at a price to the public of $17.25 per share. The expected net proceeds of the offering after expenses are approximately $93.4 million, which are intended to be used for working capital, capital expenditures and other general corporate purposes including acquisitions.Closing of the offering is expected to occur on November 14, 2024, subject to customary closing conditions. In addition, Grid Dynamics granted the underwriters a 30-day option to purchase up to 862,500 additional shares of its common stock.J.P. Morgan Securities LLC, William Blair & Company, L.L.C. and TD Cowen are acting as joint book-running managers for the offering. Needham & Company is acting as a co-manager for
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GDYN
Earnings
- 10/31/24 - Beat
GDYN
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- GDYN's page on the SEC website