Data Storage Corporation announced the final results of its tender offer to acquire up to 6,192,990 shares of common stock.
The tender offer expired on January 12, 2026, funded entirely through the company's cash on hand.
With completion of the offer, Data Storage streamlined its capital structure and maintained a strong balance sheet.
Shares Retired
Approximately 72% of outstanding shares were retired through the tender offer.
Cash on Hand
After the tender offer, the company retains over $10 million in cash for strategic initiatives.
Acquisition Strategy
Focus on a disciplined acquisition strategy in technology-enabled services with high margins and recurring revenue.
- The tender offer resulted in the purchase of 5,625,129 shares of common stock at $5.20 per share.
- Data Storage Corporation now has 2,167,138 shares outstanding and maintains a cash balance of over $10 million.
Data Storage Corporation's completion of the tender offer positions the company for strategic acquisitions in technology-enabled services, emphasizing recurring revenue and scalability.