Grid Dynamics Holdings Enters Material Agreement, Incurs Financial Obligation

Ticker: GDYN · Form: 8-K · Filed: 2025-04-15T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation, filing

Related Tickers: GDYN

TL;DR

GDYN inked a new deal, got a new financial obligation. Big moves ahead.

AI Summary

On April 15, 2025, Grid Dynamics Holdings, Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing signals a significant new financial commitment or agreement for Grid Dynamics Holdings, Inc., which could impact its future financial performance and operational strategy.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce financial risks and operational complexities.

Key Players & Entities

FAQ

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

The filing indicates the entry into a material definitive agreement but does not specify the exact nature of the agreement in the provided text.

What is the nature of the direct financial obligation or off-balance sheet arrangement?

The filing states the creation of such an obligation but does not provide specific details about its terms or amount in the provided text.

When was the earliest event reported in this 8-K filing?

The earliest event reported is dated April 15, 2025.

What is Grid Dynamics Holdings, Inc.'s state of incorporation?

Grid Dynamics Holdings, Inc. is incorporated in Delaware.

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

The key items reported are the entry into a material definitive agreement, the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, and the filing of financial statements and exhibits.

From the Filing

0001104659-25-035143.txt : 20250415 0001104659-25-035143.hdr.sgml : 20250415 20250415162918 ACCESSION NUMBER: 0001104659-25-035143 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250415 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: 20250415 DATE AS OF CHANGE: 20250415 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 EIN: 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: 25839914 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 tm2512403d1_8k.htm FORM 8-K false 0001743725 0001743725 2025-04-15 2025-04-15 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): April 15, 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 April 15, 2025, Grid Dynamics Holdings, Inc. (the “Company”) entered into that certain Second 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, as amen

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