ChaSerg Technology Acquisition Corp. (CTAC), filed an 8-K this morning detailing the results of their recent shareholder vote to approve their business combination with Grid Dynamics International, Inc., an engineering IT services company known for transformative, mission-critical cloud solutions for retail, finance and technology sectors. Unsurprisingly, the results were very positive.
| FOR | AGAINST | ABSTENTIONS |
| 23,171,642 | 0 | 0 |
As you can see in the table above, there were zero shares voted against the transaction. Additionally, only 51,715 shares opted to redeem, which amounts to roughly $528,000. An excellent result.
This combination is expected to close today, March 5th, and it is expected that share and warrant will continue to trade under “GDYN” and “GDYNW”, respectively
ADVISORS
- Cantor Fitzgerald and William Blair are acting as capital markets advisors to ChaSerg.
- Latham & Watkins LLP and Ellenoff, Grossman and Schole are serving as legal counsel to ChaSerg.
- Covington Associates LLC is acting as financial advisor to Grid Dynamics.
- Wilson Sonsini Goodrich & Rosati, P.C. are acting as legal counsel to Grid Dynamics.
- Reed Smith Richards Butler, LLP is serving as legal counsel to Automated Systems Holdings Limited.
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