---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059153"
form_type: "8-K"
ticker: "GSIT"
cik: "0001126741"
company_name: "GSI TECHNOLOGY INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:52:52.149771+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GSI Technology initiates strategic review with Needham; sells HQ for $11.9M

## Summary
- Engaged Needham & Company for strategic review to maximize stockholder value, citing $150M APU investment.
- Sale-leaseback of Sunnyvale HQ for $11.9M expected to close June 2024; proceeds to fund Gemini-II and R&D.
- Gemini-II first silicon testing successful; second spin expected fall 2024 with customer sampling before year-end.
- Shipped first radiation-hardened parts for European Space Agency mission, expanding ESA exposure.
- Q1 FY2025 revenue outlook tempered by customer inventory issues; management views as short-term.

## SEC filing metadata
- accession: 0001104659-24-059153
- form_type: 8-K
- ticker: GSIT
- cik: 0001126741
- company_name: GSI TECHNOLOGY INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126741/000110465924059153/0001104659-24-059153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126741/000110465924059153/tm2413955d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059153
- JSON: https://secwatch.observer/filing/0001104659-24-059153.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.