secwatch.observer — SEC 8-K summary
======================================

Issuer:     Data Storage Corp (DTST)
CIK:        0001419951
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001731122-21-001253
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Data Storage Corporation closes $8.305M registered direct offering and private placement
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419951/000173112221001253/0001731122-21-001253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419951/000173112221001253/e2958_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-21-001253

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer