Data Storage Corporation (Nasdaq: DTST) announced the completion of a tender offer to acquire up to 6,192,990 shares of the Company's common stock at $5.20 per share.
The tender offer resulted in the retirement of approximately 72% of outstanding shares, funded through the Company's cash on hand.
Following the offer, Data Storage Corporation has maintained a strong balance sheet with over $10 million in cash for strategic initiatives.
Tender Offer Results
5,625,129 shares were accepted for purchase at $5.20 per share, totaling $29,250,970.80, representing 72.0% of outstanding shares as of December 8, 2025.
Financial Position
After the tender offer, the Company retains 2,167,138 shares outstanding and over $10 million in cash, positioning it for future strategic moves.
Acquisition Strategy
Data Storage Corporation plans to pursue a disciplined acquisition strategy focusing on technology-enabled services with recurring revenue and high margins.
- The completion of the tender offer streamlines Data Storage Corporation's capital structure, enhancing its financial flexibility for potential acquisitions.
- With a focused approach on strategic acquisitions in areas like GPU Infrastructure, AI-driven software applications, cybersecurity, and telecommunications, the Company aims for transformative growth.
Data Storage Corporation's successful tender offer strengthens its financial position and sets the stage for strategic acquisitions, aligning with its growth plans and future transformations.