other material
confidence high
sentiment neutral
materiality 0.65
Data Storage Corp enters ATM equity facility for up to $10.6M with Maxim Group
Data Storage Corp
- New Equity Distribution Agreement with Maxim Group LLC allows at-the-market sales of common stock up to $10,600,000.
- Maxim will receive 2.5% commission on gross proceeds; company also reimburses up to $25,000 in expenses plus $2,500 per bringdown date.
- Agreement replaces prior ATM pact dated July 18, 2024; sales subject to effectiveness of existing shelf registration (File 333-280881).
- Company not obligated to sell any shares; no assurance of timing, price, or amount of any future sales.