Congrats, Austin Mahone!

The 16-year-old musician just signed a recording contract with Chase/Universal Republic on Tuesday (August 29).

PHOTOS: Check out the latest pics of Austin Mahone

“OK OK R U READY FOR WHAT IM ABOUT TO TELL YOU??” Austin tweeted. “The BIG NEWS is that I’m officially signed to a record label!!!(: Chase/Universal Republic!!”

He later added, “You guys are SO AMAZING!!<3 I wanna thank you from the bottom of my heart because you all are the reason I’m here and I’m so thankful. <3″