Grid Dynamics Announces Proposed Public Offering
Grid Dynamics Holdings (NASDAQ:GDYN), a technology consulting and engineering services company, has announced a proposed public offering of 5,000,000 shares of its common stock. The company plans to grant underwriters a 30-day option to purchase up to 750,000 additional shares. J.P. Morgan Securities, William Blair & Company, and TD Cowen will serve as joint book-running managers, with Needham & Company acting as co-manager. The offering will be made through an automatic shelf registration statement on Form S-3.
Grid Dynamics Holdings (NASDAQ:GDYN), un'azienda di consulenza tecnologica e servizi ingegneristici, ha annunciato un proposta di offerta pubblica di 5.000.000 azioni delle sue azioni ordinarie. L'azienda prevede di concedere ai sottoscrittori un'opzione di acquisto di 750.000 azioni aggiuntive per un periodo di 30 giorni. J.P. Morgan Securities, William Blair & Company e TD Cowen fungeranno da gestori principali dell'offerta, mentre Needham & Company agirà come co-gestore. L'offerta sarà effettuata attraverso una dichiarazione di registrazione automatica sul modulo S-3.
Grid Dynamics Holdings (NASDAQ:GDYN), una empresa de consultoría tecnológica y servicios de ingeniería, ha anunciado una oferta pública propuesta de 5.000.000 de acciones de sus acciones ordinarias. La empresa planea otorgar a los suscriptores una opción de 30 días para comprar hasta 750.000 acciones adicionales. J.P. Morgan Securities, William Blair & Company y TD Cowen serán los gerentes conjuntos de libros, con Needham & Company actuando como co-gerente. La oferta se realizará a través de una declaración de registro automática en el formulario S-3.
Grid Dynamics Holdings (NASDAQ:GDYN), 기술 컨설팅 및 엔지니어링 서비스 회사는 5,000,000주에 대한 공모 제안을 발표했습니다. 이 회사는 언더라이터에게 최대 750,000주 추가 구매 옵션을 30일 동안 부여할 계획입니다. J.P. Morgan Securities, William Blair & Company 및 TD Cowen은 공동 북런닝 관리자 역할을 하며, Needham & Company는 공동 관리자 역할을 합니다. 이번 공시는 S-3 양식을 통한 자동 선반 등록 신고서를 통해 이루어질 예정입니다.
Grid Dynamics Holdings (NASDAQ:GDYN), une société de conseil en technologie et de services d'ingénierie, a annoncé une offre publique proposée de 5.000.000 d'actions de ses actions ordinaires. L'entreprise prévoit de donner aux souscripteurs une option de 30 jours pour acheter jusqu'à 750.000 actions supplémentaires. J.P. Morgan Securities, William Blair & Company et TD Cowen serviront de co-managers principaux, avec Needham & Company jouant le rôle de co-manager. L'offre sera réalisée par le biais d'une déclaration d'enregistrement automatique sur le formulaire S-3.
Grid Dynamics Holdings (NASDAQ:GDYN), ein Unternehmen für Technologieberatung und Ingenieurdienstleistungen, hat eine vorgeschlagene öffentliche Angebot von 5.000.000 Aktien seines Stammkapitals angekündigt. Das Unternehmen plant, den Underwritern eine 30-tägige Option zum Kauf von bis zu 750.000 zusätzlichen Aktien einzuräumen. J.P. Morgan Securities, William Blair & Company und TD Cowen werden als gemeinsame Book-Running-Manager fungieren, während Needham & Company als Co-Manager agiert. Das Angebot wird durch eine automatische Shelf-Registrierungsanmeldung in Form S-3 erfolgen.
- Additional capital raising flexibility through the 30-day option for 750,000 extra shares
- Potential dilution of existing shareholders' value through issuance of 5,000,000 new shares
- Additional dilution possible if underwriters exercise their option for 750,000 shares
Insights
This secondary stock offering of 5 million shares with an additional 750,000 share option signals a significant capital raising event that will dilute existing shareholders. Based on Grid Dynamics' current market cap of
The selection of heavyweight underwriters including J.P. Morgan, William Blair and TD Cowen adds credibility to the offering but also indicates significant fees. While new capital could fuel growth, the dilutive impact will likely pressure the stock price in the near term. The automatic shelf registration suggests urgency in timing, though market conditions will ultimately determine the pricing and success of the offering.
J.P. Morgan Securities LLC, William Blair & Company, L.L.C. and TD Cowen are acting as joint book-running managers for the offering. Needham & Company is acting as a co-manager for the offering.
The shares are being offered by Grid Dynamics pursuant to an automatic shelf registration statement on Form S-3 (File No. 333-283149), which became effective upon filing. The offering of the shares will be made only by means of a preliminary prospectus supplement, final prospectus supplement (when available) and related base prospectus. Copies of the preliminary prospectus supplement, final prospectus supplement (when available) and related base prospectus may be obtained, when available, from J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Grid Dynamics
Grid Dynamics (NASDAQ: GDYN) is a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services. Fusing technical vision with business acumen, we solve the most pressing technical challenges and enable positive business outcomes for enterprise companies undergoing business transformation. A key differentiator for Grid Dynamics is our 8 years of experience and leadership in enterprise AI, supported by profound expertise and ongoing investment in data, analytics, application modernization, cloud & DevOps, and customer experience. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are not historical facts, and involve risks and uncertainties that could cause actual results of Grid Dynamics to differ materially from those expected and projected. Grid Dynamics intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995 and includes this statement, in part, for the purposes of complying with such safe harbor provisions. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include, without limitation, statements about the terms and size of the offering and the timing and manner of the offering. Most of the factors that could cause actual results of Grid Dynamics to differ materially from those expected and projected are outside Grid Dynamics’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) Grid Dynamics has a relatively short operating history and operates in a rapidly evolving industry, which makes it difficult to evaluate future prospects and may increase the risk that it will not continue to be successful and may adversely impact our stock price; (ii) Grid Dynamics may be unable to effectively manage its growth or achieve anticipated growth, particularly as it expands into new geographies, which could place significant strain on Grid Dynamics’ management personnel, systems and resources; (iii) Grid Dynamics’ revenues are highly dependent on a limited number of clients and industries that are affected by seasonal trends, and any decrease in demand for outsourced services in these industries may reduce Grid Dynamics’ revenues and adversely affect Grid Dynamics’ business, financial condition and results of operations; (iv) macroeconomic conditions, inflationary pressures, and the geopolitical climate, including the Russian invasion of
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Grid Dynamics Investor Relations:
investorrelations@griddynamics.com
Source: Grid Dynamics Holdings, Inc.
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