secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001104659-25-101301
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Technology to raise ~$50M in registered direct offering of common stock and pre-funded warrants
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- Offering includes 1,508,462 shares at $10.00/share and pre-funded warrants for 3,491,538 shares at $9.99/warrant.
- Gross proceeds expected ~$50M; closing on or about October 22, 2025.
- Net proceeds to be used for general corporate purposes including APU product line development.
- Needham & Company acting as sole placement agent; offering under effective shelf registration.
- Single institutional investor; lock-up on further equity issuance for 60 days post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465925101301/0001104659-25-101301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465925101301/tm2529173d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-101301

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