Grid Dynamics Launches Proposed Follow-on Offering
June 29 2021 - 4:01PM
Business Wire
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a
leader in enterprise-level digital transformation, today announced
the launch of a proposed underwritten follow-on public offering of
10,100,262 shares of its common stock, which will include 4,000,000
shares to be offered by Grid Dynamics and 6,100,262 shares to be
offered by certain selling stockholders. Grid Dynamics will not
receive any proceeds from the sale of the shares by the selling
stockholders. In addition, Grid Dynamics and certain selling
stockholders expect to grant the underwriters a 30-day option to
purchase up to an additional 1,515,039 shares of common stock.
J.P. Morgan Securities, LLC, William Blair & Company, L.L.C.
and Cowen and Company, LLC are acting as joint book-running
managers for the offering.
The offering will be made only by means of a prospectus. Copies
of the preliminary prospectus related to the offering may be
obtained, when available, from J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone at 1-866-803-9204 or by email at
prospectus-eq_fi@jpmchase.com; William Blair Securities, L.L.C.,
Attention: Prospectus Department, 150 North Riverside Plaza,
Chicago, Illinois 60606, by telephone at (800) 621-0687 or by email
at prospectus@williamblair.com; or Cowen and Company, LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York, 11717, Attn: Prospectus Department, by telephone at (833)
297-2926, or by email at PostSaleManualRequests@broadridge.com.
The shares are being offered by Grid Dynamics and the selling
stockholders pursuant to shelf registration statements on Form S-3
(File Nos. 333- 238202 and 333-255732), which each became effective
on May 13, 2021. This press release shall not constitute an offer
to sell or the 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 Grid Dynamics
Grid Dynamics (Nasdaq: GDYN) is a digital-native technology
services provider that accelerates growth and bolsters competitive
advantage for Fortune 1000 companies. Grid Dynamics provides
digital transformation consulting and implementation services in
omnichannel customer experience, big data analytics, search,
artificial intelligence, cloud migration, and application
modernization. Grid Dynamics achieves high speed-to-market,
quality, and efficiency by using technology accelerators, an agile
delivery culture, and its pool of global engineering talent.
Founded in 2006, Grid Dynamics is headquartered in Silicon Valley
with offices across the US, UK, Netherlands, Mexico, Central, and
Eastern Europe. To learn more about Grid Dynamics, please visit
www.griddynamics.com.
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Grid Dynamics Investor Relations:
investorrelations@griddynamics.com
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