Grid Dynamics Holdings, Inc. (GDYN) Announces Pricing of Public Offering

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Go back to Grid Dynamics Holdings, Inc. (GDYN) Announces Pricing of Public Offering

Grid Dynamics Announces Pricing of Public Offering

November 12, 2024 10:13 PM EST

SAN RAMON, Calif.--(BUSINESS WIRE)-- 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... More