Grid Dynamics Holdings, Inc. Announces Pricing of Public Offering

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 the offering.

The shares are being offered by Grid Dynamics pursuant to an automatic shelf registration statement on Form S-3 (File No. 333-283149), which became effective upon filing. The offering of the shares will be made only by means of a prospectus supplement and related base prospectus. Copies of the prospectus supplement and related base prospectus may be obtained, when available, from J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at Этот адрес электронной почты защищён от спам-ботов. У вас должен быть включен JavaScript для просмотра. and Этот адрес электронной почты защищён от спам-ботов. У вас должен быть включен JavaScript для просмотра. or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at (800) 621-0687 or by email at Этот адрес электронной почты защищён от спам-ботов. У вас должен быть включен JavaScript для просмотра. .

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.

Source: Investing.com

Последние публикации
Exclusive-China's Zeekr to take control of sister brand Lynk, sources say
14.11.2024 - 07:00
Australia regulator to ramp up focus on protecting consumer savings
14.11.2024 - 07:00
Kia sees near-term market challenges but sticks to 1.6 million annual EV sales target by 2030
14.11.2024 - 07:00
Seven & i investor Artisan pushes for competitive bidding process
14.11.2024 - 07:00
Aussie law firm takes Woolworths, Coles to court over dodgy discount claims
14.11.2024 - 07:00
Australia stocks higher at close of trade; S&P/ASX 200 up 0.37%
14.11.2024 - 07:00
Exclusive-Ben & Jerry's says parent Unilever silenced it over Gaza stance
14.11.2024 - 07:00
China’s Geely Auto clocks nearly twofold jump in Q3 profit
14.11.2024 - 06:00
Tencent signals slow AI monetisation; gaming drives 8% Q3 revenue growth
14.11.2024 - 06:00
Seven & i investor Artisan says it supports both offers for Japanese retailer
14.11.2024 - 06:00
Trump's Treasury pick: Lutnick now a top contender alongside Bessent, sources say
14.11.2024 - 06:00
Asia stocks drift lower amid uncertainty over US rates, China stimulus
14.11.2024 - 04:00
CoreWeave closes $650 million secondary share sale at $23 billion valuation 
14.11.2024 - 03:00
Profit for Colombia's Grupo Aval jumps six fold in third-quarter
14.11.2024 - 03:00
US stock futures steady as rate cut bets build after CPI data; Powell awaited
14.11.2024 - 02:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?