Data Storage Corporation announced the final results of its tender offer to acquire up to 6,192,990 shares of the Company's common stock.
The tender offer expired on January 12, 2026, with the company accepting 5,625,129 shares for purchase at a price of $5.20 per share.
The company funded the tender offer entirely through its cash on hand, streamlining its capital structure and maintaining liquidity for strategic initiatives.
Tender Offer Results
Approximately 72% of outstanding shares were retired through the tender offer.
Financial Impact
The company spent $29,250,970.80 to purchase the accepted shares, retaining over $10 million in cash afterwards.
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 has strengthened the company's balance sheet and provided liquidity for future growth initiatives.
- With a streamlined capital structure and substantial cash reserves, the company is well-positioned to pursue strategic acquisitions in specific technology sectors.
Data Storage Corporation's successful tender offer indicates a strategic shift towards disciplined growth and acquisitions, positioning the company for expansion and transformation in the technology sector.