Grid Dynamics Enters New Credit Agreement

Ticker: GDYN · Form: 8-K · Filed: 2025-03-17T00:00:00.000Z

Sentiment: neutral

Topics: debt, financing, agreement

Related Tickers: GDYN

TL;DR

GDYN just signed a new credit deal, potentially boosting their cash flow.

AI Summary

On March 14, 2025, Grid Dynamics Holdings, Inc. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the company. The filing also includes financial statements and exhibits related to this agreement.

Why It Matters

This filing indicates Grid Dynamics has secured new financing, which could impact its operational capacity and financial structure.

Risk Assessment

Risk Level: medium — Entering into new debt obligations carries inherent financial risks and requires careful management.

Key Players & Entities

FAQ

What type of material definitive agreement did Grid Dynamics Holdings, Inc. enter into?

Grid Dynamics Holdings, Inc. entered into a credit agreement.

What is the earliest event date reported in this 8-K filing?

The earliest event date reported is March 14, 2025.

Under which section of the Securities Exchange Act is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What is the state of incorporation for Grid Dynamics Holdings, Inc.?

The state of incorporation for Grid Dynamics Holdings, Inc. is Delaware.

What are the key items reported in this 8-K filing?

The key items reported are Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, and Financial Statements and Exhibits.

From the Filing

0001104659-25-024473.txt : 20250317 0001104659-25-024473.hdr.sgml : 20250317 20250317165331 ACCESSION NUMBER: 0001104659-25-024473 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250314 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250317 DATE AS OF CHANGE: 20250317 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: 25745333 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 tm259532d1_8k.htm FORM 8-K false 0001743725 0001743725 2025-03-14 2025-03-14 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): March 14, 2025   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 March 14, 2025, Grid Dynamics Holdings, Inc. (the “Company”) entered into that certain First Amendment to Credit Agreement (the “Amendment”), which amended that certain Credit Agreement, dated as of March 15, 2022, by and among the Company, as borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent for the lenders, and the other loan parties thereto (the “Credit

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