[POS AM] GRID DYNAMICS HOLDINGS, INC. SEC Filing
Grid Dynamics Holdings, Inc. is registering 13,889,183 shares of common stock for resale by a selling stockholder. This Post-Effective Amendment converts the registration from a Form S-3ASR (automatic shelf) to a Form S-3 (non-automatic shelf) because the company ceased to be a "well-known seasoned issuer" as of its Form 10-K filing.
The prospectus states the company will not receive proceeds from these resales and that it will pay registration expenses; the selling stockholder may sell shares from time to time through various methods and is not obligated to sell. Shares outstanding were 83,568,279 as of March 31, 2026 (used for beneficial ownership calculations).
Positive
- None.
Negative
- None.
Insights
Converts automatic shelf to non-automatic shelf; preserves resale registration rights.
The filing amends the Form S-3ASR to a Form S-3 because the registrant no longer qualifies as a WKSI, which changes the timing and procedural flexibility for primary registered offerings and certain at-the-market mechanics.
Key dependencies include the Registration Rights Agreement terms and Nasdaq listing compliance. Subsequent prospectus supplements will specify distribution methods, underwriters (if any) and pricing.
Administrative resale registration; company bears registration filing costs.
The prospectus registers 13,889,183 shares for resale by Beijing Teamsun and related holders and states proceeds from resales accrue to the selling stockholder, not the company.
Material investor effects depend on actual resale activity by the selling holder; timing and amounts are determined by the holder, and distribution terms will appear in prospectus supplements.
Key Figures
Key Terms
Form S-3ASR regulatory
well-known seasoned issuer regulatory
selling stockholder market
registration rights legal
Offering Details
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
TO
UNDER
THE SECURITIES ACT OF 1933
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation or organization) |
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83-0632724
(I.R.S. Employer
Identification Number) |
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San Ramon, CA 94583
(650) 523-5000
Chief Executive Officer
6101 Bollinger Canyon Road, Suite 465
San Ramon, CA 94583
(650) 523-5000
Jeffrey S. Hochman
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
(212) 728-8000
| | Large-accelerated filer ☐ | | | Accelerated filer ☒ | |
| | Non-accelerated filer ☐ | | | Smaller reporting company ☐ | |
| | | | | Emerging growth company ☐ | |
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Page
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About this Prospectus
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Prospectus Summary
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| | | | 1 | | |
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Risk Factors
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Forward-Looking Statements
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Use of Proceeds
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Selling Stockholder
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| | | | 5 | | |
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Description of Capital Stock
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| | | | 6 | | |
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Plan of Distribution
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| | | | 9 | | |
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Legal Matters
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| | | | 11 | | |
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Experts
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Where You Can Find More Information
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Incorporation by Reference
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Shares Beneficially
Owned Prior to the Offering |
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Shares Being Offered
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Shares Beneficially
Owned After the Offering |
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Shares
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Percentage
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Shares
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Shares
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Percentage
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| Selling Stockholder: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Beijing Teamsun Technology Co. Ltd.(1)(2)
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| | | | 13,889,183 | | | | | | 16.6% | | | | | | 13,889,183 | | | | | | 0 | | | | | | 0.0% | | |
6101 Bollinger Canyon Road, Suite 465
San Ramon, CA 94583
Attn: Investor Relations
(650) 523-5000
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Amount
to be Paid |
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SEC registration fee for securities offered by the selling stockholder identified in the prospectus
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| | | $ | 13,274.98(1) | | |
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Stock exchange listing fee
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| | | | * | | |
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Printing and engraving expenses
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| | | | * | | |
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Accounting fees and expenses
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Legal fees and expenses
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| | | | * | | |
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Transfer agent and registrar fees and expenses
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| | | | * | | |
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Miscellaneous expenses
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| | | | * | | |
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Total
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| | | $ | 13,274.98 | | |
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Exhibit
Number |
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Incorporation by Reference
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Filed
Herewith |
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Exhibit Description
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Form
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File
Number |
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Exhibit
Number |
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Filing
Date |
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| 1.1* | | | Form of Underwriting Agreement | | | | | | | | | | | | | | | | |
| 3.1 | | |
Amended and Restated Certificate of Incorporation
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8-K
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001-38685
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3.1
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March 9, 2020
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| 3.2 | | |
Amended and Restated Bylaws
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8-K
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001-38685
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3.1
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February 27, 2026
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| 4.1 | | |
Specimen Common Stock Certificate
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8-K
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001-38685
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4.1
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March 9, 2020
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| 4.2 | | |
Amended and Restated Registration Rights Agreement, dated as of March 5, 2020, by and among the Company and certain security holders
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10-Q
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001-38685
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10.17
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May 11, 2020
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| 5.1 | | |
Opinion of Willkie Farr & Gallagher LLP
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X
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| 23.1 | | |
Consent of Independent Registered Public Accounting Firm
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X
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| 23.2 | | |
Consent of Willkie Farr & Gallagher LLP (included in the opinion filed as Exhibit 5.1 to this Registration Statement)
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X
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| 24.1 | | |
Power of Attorney (included on the signature page to the Registration Statement on Form S-3ASR (File No. 333-279081)
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S-3ASR
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333-279081
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May 2, 2024
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| | | |
| 107 | | |
Filing Fee Table
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S-3ASR
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333-279081
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107
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May 2, 2024
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Chief Executive Officer
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Signature
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Title
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Date
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/s/ Leonard Livschitz
Leonard Livschitz
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Chief Executive Officer and Director
(Principal Executive Officer) |
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April 30, 2026
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/s/ Anil Doradla
Anil Doradla
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Chief Financial Officer
(Principal Financial and Accounting Officer) |
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April 30, 2026
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*
Lloyd Carney
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Chairman of the Board and Director
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April 30, 2026
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*
Eric Benhamou
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Director
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April 30, 2026
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*
Marina Levinson
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Director
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April 30, 2026
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*
Patrick Nicolet
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Director
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April 30, 2026
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*
Michael Southworth
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Director
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April 30, 2026
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/s/ Weihang Wang
Weihang Wang
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Director
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April 30, 2026
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*
Yueou Wang
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Director
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April 30, 2026
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*
Shuo Zhang
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Director
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April 30, 2026
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*By:
/s/ Anil Doradla
Anil Doradla
Attorney-in-Fact |
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April 30, 2026
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