secwatch.observer — SEC 8-K summary
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Issuer:     Data Storage Corp (DTST)
CIK:        0001419951
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0001731122-25-001185
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419951/000173112225001185/0001731122-25-001185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419951/000173112225001185/e6813_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-25-001185

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