INVESTOR'S CORNER

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NASDAQ Live

GTYHU []

  

GTYH -   Class A Ordinary Shares

GTYHW -  Warrants

GTY Technology Holdings Inc., Led by William D. Green, Joseph M. Tucci and Harry L. You, Announced Closing of $552 Million Initial Public Offering

On November 1, 2016, GTY Technology Holdings Inc. announced the closing of its initial public offering of 55,200,000 units, which includes 7,200,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $552,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

The Company's units began trading on The NASDAQ Capital Market ("NASDAQ") under the ticker symbol "GTYHU" on October 27, 2016. Each unit consists of one of the Company's Class A ordinary shares and one-third of one redeemable warrant of the Company. Each whole warrant is exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols "GTYH" and "GTYHW," respectively.

Citigroup Global Markets Inc. is serving as the sole book-running manager for the offering. The offering is being made only by means of a prospectus.

Copies of the prospectus related to this offering may be obtained from:

Citigroup, c/o Broadridge Financial Solutions
1155 Long Island Avenue,
Edgewood, New York 11717
Ph: (800) 831-9146

Cautionary Note Concerning Forward-Looking Statements

This page contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.