Item 1.01. Entry into a Material Definitive Agreement.

On May 15, 2021, Grid Dynamics Holdings, Inc., f/k/a ChaSerg Technology Acquisition Corp. (the "Company") and Explorer Parent LLC, the holder (the "Holder") of 291,500 of the Company's outstanding private warrants (the "Private Warrants") entered into a Warrant Exchange Agreement (the "Exchange Agreement"). Pursuant to the Exchange Agreement, the Holder agreed to exchange each of its Private Warrants for an aggregate of 102,320 shares of the Company's common stock (the "Shares").

This transaction is exempt from registration under Section 3(a)(9) of the Securities Act, as no commission or other remuneration will be paid or given directly or indirectly for such transaction.

A copy of the Exchange Agreement is filed with this report as Exhibit 10.1, and is hereby incorporated by reference herein. The foregoing description of the Exchange Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such document.

Item 9.01. Financial Statements and Exhibits.

(a) Exhibits. The exhibit listed in the following Exhibit Index is filed as part of this current report.





Exhibit No.   Description
   10.1         Warrant Exchange Agreement.
    104       Cover Page Interactive Data File (formatted as Inline XBRL)




                                       1

© Edgar Online, source Glimpses