Item 1.01. Entry into a Material Definitive Agreement.

On May 19, 2021, Grid Dynamics Holdings, Inc., f/k/a ChaSerg Technology Acquisition Corp. (the "Company") and Shay Capital LLC, the holder (the "Holder") of 420,630 of the Company's outstanding publicly traded warrants (the "Public Warrants") entered into a Warrant Exchange Agreement (the "Exchange Agreement"). The Public Warrants were previously issued pursuant to the Company's public offering registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to a prospectus dated October 4, 2018. Pursuant to the Exchange Agreement, the Holder agreed to exchange each of its Public Warrants for an aggregate of 153,577 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)




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