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    Grid Dynamics Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

    3/17/25 4:53:31 PM ET
    $GDYN
    Computer Software: Prepackaged Software
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    Get the next $GDYN alert in real time by email
    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 Agreement”). The Amendment extended the Revolving Credit Maturity Date under the Credit Agreement to April 15, 2025.

     

    The foregoing description of the Amendment is a summary and is qualified in its entirety by the terms and conditions of the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

     

    Item 2.03.Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

     

    The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

     

    Item 9.01Financial Statements and Exhibits.

     

    Exhibit Number   Description
    10.1   First Amendment to Credit Agreement, dated as of March 14, 2025, by and among Grid Dynamics Holdings, Inc., the lenders party thereto, JPMorgan Chase Bank, N.A., and the other loan parties thereto.
         
    104   Cover Page Interactive Data File (formatted as Inline XBRL)

     

    - 2 -

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Dated: March 17, 2025

     

      GRID DYNAMICS HOLDINGS, INC.
         
      By: /s/ Anil Doradla
      Name:  Anil Doradla
      Title: Chief Financial Officer

     

    - 3 -

     

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