other material
confidence high
sentiment neutral
materiality 0.60
Data Storage Corp enters $10.6M ATM equity distribution agreement with Maxim Group
Data Storage Corp
- Company can sell up to $10.6M of common stock at-the-market through Maxim Group as agent.
- Maxim receives 2.5% commission on gross proceeds; company reimburses up to $50,000 in expenses.
- Agreement expires upon sale of all shares, 12 months, or earlier termination; no obligation to sell.
- Sales will be made under Form S-3 registration statement (File No. 333-280881) filed July 18, 2024.