Grid Dynamics Amends Credit Agreement
Ticker: GDYN · Form: 8-K · Filed: 2024-11-14T00:00:00.000Z
Sentiment: neutral
Topics: debt, financing
Related Tickers: GRID
TL;DR
GRID amended its credit agreement on Nov 12, 2024.
AI Summary
On November 12, 2024, Grid Dynamics Holdings, Inc. entered into a Material Definitive Agreement, specifically a Second Amendment to its Credit Agreement. This amendment modifies the existing credit facility, with specific details of the changes not fully elaborated in the provided text but indicated as a significant event.
Why It Matters
This amendment to the credit agreement could impact the company's financial flexibility and borrowing costs, potentially affecting future investments and operations.
Risk Assessment
Risk Level: medium — Amendments to credit agreements can signal changes in a company's financial health or its ability to meet debt obligations.
Key Players & Entities
- Grid Dynamics Holdings, Inc. (company) — Registrant
- November 12, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the Credit Agreement in the Second Amendment?
The filing states that a Second Amendment to the Credit Agreement was entered into on November 12, 2024, but the specific details of the amendments are not provided in the excerpt.
What is the nature of the Material Definitive Agreement entered into by Grid Dynamics?
The Material Definitive Agreement is the Second Amendment to the company's Credit Agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 12, 2024.
What is the principal executive office address for Grid Dynamics Holdings, Inc.?
The address is 5000 Executive Parkway, Suite 520, San Ramon, CA 94583.
What is the Commission File Number for Grid Dynamics Holdings, Inc.?
The Commission File Number is 001-38685.
From the Filing
0001104659-24-118374.txt : 20241114 0001104659-24-118374.hdr.sgml : 20241114 20241114084510 ACCESSION NUMBER: 0001104659-24-118374 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20241112 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241114 DATE AS OF CHANGE: 20241114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRID DYNAMICS HOLDINGS, INC. CENTRAL INDEX KEY: 0001743725 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 830632724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38685 FILM NUMBER: 241457454 BUSINESS ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: (619) 736-6855 MAIL ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 FORMER COMPANY: FORMER CONFORMED NAME: ChaSerg Technology Acquisition Corp DATE OF NAME CHANGE: 20180615 8-K 1 tm2427683d7_8k.htm FORM 8-K false 0001743725 0001743725 2024-11-12 2024-11-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): November 12, 2024   GRID DYNAMICS HOLDINGS, INC. (Exact name of registrant as specified in its charter)   Delaware   001-38685   83-0632724 (State or other jurisdiction   (Commission   (I.R.S. Employer of incorporation)   File Number)   Identification No.)   5000 Executive Parkway , Suite 520 San Ramon , CA 94583 (Address of principal executive offices)   Registrant’s telephone number, including area code: ( 650 ) 523-5000   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.0001 per share   GDYN   The NASDAQ Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐           Item 1.01. Entry into a Material Definitive Agreement   On November 12, 2024, Grid Dynamics Holdings, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC and William Blair & Company, L.L.C., as representatives (the “Representatives”) of the underwriters (the “Underwriters”), pursuant to which the Company agreed to offer and sell 5,750,000 shares (the “Underwritten Shares”) of the Company’s common stock, par value $0.0001 per share (the ̶