What Happened to Grid Dynamics Holdings?
Ticker: GDYNSPAC Year: 2018Merger: 2020
Return
-39.7%
Current Price
$6.03
Peak Price
$42.81
Trust Size
$613M
Summary
Grid Dynamics Holdings, Inc. (GDYN) filed its S-1 registration in 2018 and completed its business combination in 2020. The company remains actively traded with 758 SEC filings on record.
What Happened
Grid Dynamics Holdings, Inc. entered the SPAC market in 2018 with its initial S-1 filing with the SEC, joining the wave of blank check companies seeking acquisition targets.
The company filed a definitive proxy statement (DEFM14A) ahead of its merger vote, completing its de-SPAC transaction in 2020.
SEC records show 758 total filings, including annual (10-K) and quarterly (10-Q) financial reports.
The company was incorporated in Delaware, the preferred jurisdiction for the vast majority of SPACs due to its business-friendly legal framework.
Timeline
2018-09-18
S-1 Registration Filed
2020-02-10
Merger Proxy Filed (DEFM14A)