UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
On December 16, 2020, GTY Technology Holdings Inc. (the “Company”) issued and sold to an institutional investor in a registered direct offering (the “Offering”) an aggregate of 2,000,000 shares of the Company’s common stock, par value $0.0001 per share, at a price of $3.50 per share in a privately negotiated transaction.
The shares were offered and sold pursuant to a prospectus supplement dated December 14, 2020 under the Company’s shelf registration statement on Form S-3 (File No. 333-250152). There were no placement agents or underwriters used in connection with the offering. The opinion of TCF Law Group PLLC with respect to the validity of the shares in the Offering is filed herewith as Exhibit 5.1.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
EXHIBIT INDEX
| Exhibit No. | Description | |
| 5.1 | Opinion of TCF Law Group PLLC. | |
| 23.1 | Consent of TCF Law Group PLLC (included in Exhibit 5.1). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GTY TECHNOLOGY HOLDINGS INC. | ||
| By: | /s/ John Curran | |
| Name: John Curran | ||
| Title: Chief Financial Officer | ||
| Dated: December 16, 2020 | ||