Grid Dynamics Holdings Set to Join S&P SmallCap 600

Rhea-AI Summary

Grid Dynamics Holdings (NASDAQ: GDYN) is set to join the S&P SmallCap 600 index, replacing Revelyst (NYSE: GEAR) effective prior to market opening on January 2, 2025. The change comes as Strategic Value Partners is acquiring Revelyst, with the deal expected to close soon pending final conditions. Grid Dynamics will be classified under the Information Technology sector in the index, while Revelyst, currently listed under Consumer Discretionary, will be removed.

Positive

• Inclusion in S&P SmallCap 600 index, which typically increases stock visibility and trading volume
• Potential for increased institutional investment due to index fund tracking

Negative

• None.

NEW YORK, Dec. 26, 2024 /PRNewswire/ -- Grid Dynamics Holdings Inc. (NASD: GDYN) will replace Revelyst Inc. (NYSE: GEAR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 2. Strategic Value Partners is acquiring Revelyst in a deal expected to close soon pending final conditions.

Following is a summary of the change that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
Jan 2, 2025	S&P SmallCap 600	Addition	Grid Dynamics Holdings	GDYN	Information Technology
Jan 2, 2025	S&P SmallCap 600	Deletion	Revelyst	GEAR	Consumer Discretionary

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View original content:https://www.prnewswire.com/news-releases/grid-dynamics-holdings-set-to-join-sp-smallcap-600-302339444.html

SOURCE S&P Dow Jones Indices

FAQ

When will Grid Dynamics Holdings (GDYN) join the S&P SmallCap 600 index?

Grid Dynamics Holdings (GDYN) will join the S&P SmallCap 600 index prior to the opening of trading on Thursday, January 2, 2025.

Which company is GDYN replacing in the S&P SmallCap 600?

Grid Dynamics Holdings (GDYN) is replacing Revelyst Inc. (NYSE: GEAR) in the S&P SmallCap 600 index.

Why is Revelyst (GEAR) being removed from the S&P SmallCap 600?

Revelyst is being removed because Strategic Value Partners is acquiring the company, with the deal expected to close soon pending final conditions.

What sector will GDYN be classified under in the S&P SmallCap 600?

Grid Dynamics Holdings (GDYN) will be classified under the Information Technology sector in the S&P SmallCap 600 index.