ChaSerg Technology Acquisition Corp
Completed 2020-03-05- CIK 1743725
- CTAC
- Now GDYN
- IPO 2018-10-05
- $224M trust
- 810 filings
Successfully merged with Grid Dynamics International, Inc. • Now trading as GDYN
- IPO Size
- $220M
- raised at the IPO
- Trust
- $224M
- as of 2019-12-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2018
- year it listed
Filings, by quarter
810 filings over 35 quarters; violet bars carry a milestone
- 18 Q2: 1 filing
- 18 Q3: 7 filings
- 18 Q4: 21 filings
- 19 Q1: 5 filings
- 19 Q2: 1 filing
- 19 Q3: 2 filings
- 19 Q4: 11 filings
- 20 Q1: 51 filings
- 20 Q2: 24 filings
- 20 Q3: 23 filings
- 20 Q4: 23 filings
- 21 Q1: 37 filings
- 21 Q2: 35 filings
- 21 Q3: 24 filings
- 21 Q4: 33 filings
- 22 Q1: 24 filings
- 22 Q2: 14 filings
- 22 Q3: 14 filings
- 22 Q4: 22 filings
- 23 Q1: 16 filings
- 23 Q2: 11 filings
- 23 Q3: 9 filings
- 23 Q4: 35 filings
- 24 Q1: 40 filings
- 24 Q2: 28 filings
- 24 Q3: 36 filings
- 24 Q4: 56 filings
- 25 Q1: 38 filings
- 25 Q2: 38 filings
- 25 Q3: 17 filings
- 25 Q4: 39 filings
- 26 Q1: 24 filings
- 26 Q2: 21 filings
- 26 Q3: 23 filings
- 26 Q4: 7 filings
- S-1 filed 18 Q2
- IPO 18 Q4
- Definitive agreement 19 Q4
- Completed 20 Q1
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
ChaSerg Technology Acquisition Corp. is a blank-check company seeking an initial business combination with a technology company, with a stated preferred valuation range of $500 million to $1 billion.
Investment Focus
Technology
Key Information
As the filings state it
- IPO Date
- 2018-10-05
- Total Redemptions
- $500K
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2020-03-05
- Merger Target
- Grid Dynamics International, Inc.
- SPAC Ticker
- CTAC
- Merged Ticker
- GDYN
Stock Performance
GDYNTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2018-10-30 | $9.50 | |
| At Merger | 2020-03-06 | $11.71 | +23% |
| 6 Months Post-Merger | 2020-09-08 | $7.50 | -36% |
| 1 Year Post-Merger | 2021-03-08 | $14.43 | +23% |
| 2 Years Post-Merger | 2022-03-07 | $9.34 | -20% |
| Current Price | 2026-10-16 | $7.79 | -18% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Lloyd Carney and Eric Benhamou have extensive experience leading technology companies, including executive roles at companies such as Brocade, 3Com and Palm. Its board nominees bring technology investment, venture capital, M&A and public-company finance experience.