Grid Dynamics prices follow-on offering of 10.1M shares at $15.03; nets ~$77.5M

GRID DYNAMICS HOLDINGS, INC.

Offer includes 4M shares from Grid Dynamics and ~6.1M from selling stockholders at $15.03 per share.
Underwriters' option for additional ~1.5M shares exercised in full, per 8-K.
Net proceeds to Grid Dynamics of ~$77.5M for general corporate purposes; no proceeds from selling stockholders.
Expected closing July 6, 2021; J.P. Morgan, William Blair, Cowen are joint book-runners.

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