Data Storage Corporation announced the final results of its tender offer to acquire shares of the Company's common stock.
The tender offer resulted in approximately 72% of outstanding shares being retired.
The Company funded the tender offer entirely through its cash on hand.
Capital Restructuring
The tender offer streamlined Data Storage Corporation's capital structure while maintaining a strong balance sheet.
Acquisition Strategy
With over $10 million in cash, the Company is focused on pursuing a disciplined acquisition strategy to support future growth.
Strategic Initiatives
Data Storage Corporation is actively evaluating opportunities for consolidation across technology-enabled services, focusing on recurring revenue and high margins.
- With 72% of outstanding shares retired, Data Storage Corporation has significantly adjusted its capital structure.
- The Company's strong balance sheet and retained cash provide liquidity for future initiatives and strategic acquisitions.
Data Storage Corporation's completion of the tender offer signifies a strategic move towards disciplined acquisition and growth in technology-enabled services.