Data Storage Corp raises $8.3M in registered direct offering and warrant placement

Data Storage Corp

Raised $8.3M gross proceeds via sale of 1,375,000 shares and warrants to purchase 1,031,250 shares.
Combined purchase price of $6.04 per share and 0.75 warrants; warrant exercise price $6.15.
Warrants immediately exercisable, expire in 5.5 years from issuance date.
Offering expected to close July 21, 2021; Maxim Group LLC placement agent with 6.5% fee.
Net proceeds to be used for general corporate purposes, including working capital.

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