What Happened to GTY Technology Holdings?
Return
0.0%
Current Price
$6.3
Peak Price
â
Trust Size
$393M
Summary
GTY Technology Holdings was a provider of cloud-based solutions for the public sector, offering procurement, budgeting, and grant management software to government agencies. The company was formed through a SPAC merger in 2019. GI Partners acquired GTY for $6.30/share in July 2022.
What Happened
GTY Technology went public via SPAC in 2019, combining multiple govtech companies. The company built a solid position in public sector software but struggled as a small-cap public company. GI Partners acquired GTY for $6.30/share in July 2022, representing a 123% premium to its pre-announcement price, taking it private.
Timeline
2016-10-17
S-1 Registration Filed
2022-06-01
Merger Proxy Filed (DEFM14A)
2022-07-18
Last SEC Filing