{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-25-001268","form_type":"8-K","ticker":"DTST","cik":"0001419951","company_name":"Data Storage Corp","filed_at":"2025-09-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.948077+00:00","generated_at":"2026-05-17T06:29:08.924122+00:00","sec_items":["1.01","5.07","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Data Storage closes sale of CloudFirst for $40M; targets AI, GPU, cybersecurity","bullets":["Sale closed Sep 11, 2025; gross proceeds $40M; estimated net proceeds ~$24M after fees, taxes, adjustments.","Shareholders approved transaction on Sep 10, 2025 with 4,045,746 votes for, 20,930 against.","Remaining operating subsidiary Nexxis generated ~$1.1M sales in FY2024; Company plans to pursue acquisitions in AI, GPU, and cybersecurity.","Pro forma financials show net loss attributable to common stock of $(2.75M) for FY2024 and $(1.44M) for H1 2025 after removing CloudFirst.","CloudFirst brand and leadership remain intact under new owner Performive, backed by Renovus Capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-25-001268","json":"https://secwatch.observer/filing/0001731122-25-001268.json","markdown":"https://secwatch.observer/filing/0001731122-25-001268.md","text":"https://secwatch.observer/filing/0001731122-25-001268.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419951/000173112225001268/0001731122-25-001268-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419951/000173112225001268/e6842_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:29:08.924122+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3cb7eccc55553eb37668276948056fb7d9776ee1","claim":"Data Storage Corp completed a disposition involving Total Server Solutions Holdings, LLC for $40 million (closed 2025-09-11).","evidence_excerpt":"”), the Divestiture was consummated. At the closing of the Divestiture, Purchaser: (i) purchased all of the outstanding units of NewCo in exchange for the purchase price of $40 million, as adjusted in accordance with the Purchase Agreement, and (ii) assumed the Assumed Liabilities, as such term is defined in the Contribution Agreement. Following the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419951/000173112225001268/0001731122-25-001268-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Total Server Solutions Holdings, LLC"},{"label":"Consideration","value":"$40 million"},{"label":"Closing","value":"2025-09-11"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}