other material
confidence high
sentiment neutral
materiality 0.55
Data Storage Corporation closes $8.305M registered direct offering and private placement
Data Storage Corp
- Sold 1,375,000 shares of common stock at combined price of $6.04 per share and 0.75 warrant.
- Issued warrants to purchase up to 1,031,250 shares; exercise price $6.15, 5.5-year term.
- Gross proceeds $8.305M before placement agent fees of 6.5% and out-of-pocket expenses up to $50,000.
- Proceeds to be used for general corporate purposes and working capital.
- Maxim Group LLC acted as sole placement agent for the offering.