Grid Dynamics redeems all 2.77M public warrants; holders must exercise by Aug 30 at $11.50/share

GRID DYNAMICS HOLDINGS, INC.

Company calls all 2,773,141 public warrants at $0.01 each; exercise price is $11.50 per share.
Potential gross proceeds to Grid Dynamics from warrant exercise up to ~$31.9 million.
Redemption date is August 30, 2021 at 5:00 PM ET; any unexercised warrants become void.
Share price condition met: common stock closed at ≥$18.00 for 20 of 30 trading days ending July 23, 2021.
No private placement or working capital warrants remain outstanding; warrants will cease trading on Nasdaq.

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