Grid Dynamics Enters Credit Agreement

Ticker: GDYN · Form: 8-K · Filed: 2025-05-21T00:00:00.000Z

Sentiment: neutral

Topics: financing, debt, credit-agreement

Related Tickers: GDYN

TL;DR

GDYN just signed a new credit deal, potentially unlocking cash for growth.

AI Summary

On May 20, 2025, Grid Dynamics Holdings, Inc. entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant. The filing does not specify the exact dollar amount or terms of the credit agreement at this time.

Why It Matters

This filing indicates Grid Dynamics Holdings, Inc. has secured new financing, which could impact its operational capacity and future investments.

Risk Assessment

Risk Level: medium — Entering into a credit agreement introduces financial obligations and potential debt, which carries inherent financial risks.

Key Players & Entities

FAQ

What is the specific nature and amount of the credit agreement entered into by Grid Dynamics Holdings, Inc.?

The filing states that Grid Dynamics Holdings, Inc. entered into a credit agreement on May 20, 2025, which constitutes a material definitive agreement and creates a direct financial obligation. However, the specific dollar amount and terms of the agreement are not detailed in this initial 8-K filing.

What is the purpose of this new credit agreement for Grid Dynamics Holdings, Inc.?

The filing does not explicitly state the purpose of the credit agreement. However, such agreements typically provide companies with capital for operations, expansion, acquisitions, or other strategic initiatives.

When was the credit agreement officially entered into?

The credit agreement was entered into on May 20, 2025, which is the date of the earliest event reported in this Form 8-K.

Does this credit agreement represent an off-balance sheet arrangement for Grid Dynamics Holdings, Inc.?

The filing explicitly states that the credit agreement creates a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.' While it is an obligation, the primary classification is a direct financial obligation, not necessarily an off-balance sheet one.

Where is Grid Dynamics Holdings, Inc. incorporated and what is its IRS Employer Identification Number?

Grid Dynamics Holdings, Inc. is incorporated in Delaware and its IRS Employer Identification Number is 83-0632724.

From the Filing

0001104659-25-051629.txt : 20250521 0001104659-25-051629.hdr.sgml : 20250521 20250521163018 ACCESSION NUMBER: 0001104659-25-051629 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250520 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: 20250521 DATE AS OF CHANGE: 20250521 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: 25973543 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 tm2515714d1_8k.htm FORM 8-K false 0001743725 0001743725 2025-05-20 2025-05-20 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): May 20, 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 May 20, 2025, Grid Dynamics Holdings, Inc. (the “Company”) entered into the Fourth Amendment (the “Fourth Amendment”) to that certain Credit Agreement, dated as of March 15, 2022, as amended (the “Credit Agreement” and, as further amended by the Fourth Amendment, the “Amended Credit Agreement”), by and among the Company, as borrower, the guarantors party thereto

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