Data Storage Corp supplements proxy with financial analysis details for $40M cloud divestiture vote

Data Storage Corp

Shareholders sent letters on Aug 14, 18, 27 seeking additional info on financial multiples used in the proxy statement for the divestiture proposal.
Company voluntarily supplements proxy with Cassel Salpeter's Selected Companies and Selected Transactions analyses.
Selected companies analysis implies value range of $34.7M to $40.8M; selected transactions implies $36.5M to $42.6M, vs $40M base purchase price.
Financial advisor applied multiples of 6.0x-7.0x LTM Normalized EBITDA to reach these valuation ranges.
Annual meeting to vote on divestiture is scheduled for September 10, 2025.

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