secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001104659-23-086400
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Technology enters $25M ATM offering, preliminary Q1 revenue $5.6M
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- Entered into Sales Agreement with Needham & Company for at-the-market offering of up to $25 million of common stock.
- Preliminary net revenue for Q1 ended June 30, 2023 estimated at $5.6 million.
- Preliminary gross profit estimated at $3.1 million.
- Commission rate 3.0% of gross sales price; sales may be made from time to time at prevailing market prices.
- Company has no obligation to sell any shares and may suspend or terminate the agreement at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465923086400/0001104659-23-086400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465923086400/tm2322412d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086400

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