---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-064306"
form_type: "8-K"
ticker: "GSIT"
cik: "0001126741"
company_name: "GSI TECHNOLOGY INC"
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:37:51.819030+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GSI Technology amends property sale; price cut to $11.65M, deposit becomes nonrefundable

## Summary
- Second amendment extended due diligence period by 5 days to May 22, 2024.
- Third amendment reduced purchase price by $200,000, from $11.85M to $11.65M.
- Buyer provided go-forward notice, waived termination rights, added $250,000 to escrow.
- Total deposit in escrow is $500,000, now nonrefundable except for seller default or casualty.
- Sale of Sunnyvale property (1213 Elko Drive) to D.R. Stephens & Company advances toward closing.

## SEC filing metadata
- accession: 0001104659-24-064306
- form_type: 8-K
- ticker: GSIT
- cik: 0001126741
- company_name: GSI TECHNOLOGY INC
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126741/000110465924064306/0001104659-24-064306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126741/000110465924064306/tm2415311d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-064306
- JSON: https://secwatch.observer/filing/0001104659-24-064306.json
- Plain text: https://secwatch.observer/filing/0001104659-24-064306.txt

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