$DTST·8-K/A

Data Storage Corp · Jan 16, 5:21 PM ET

Data Storage Corp 8-K/A

8-K/A · Data Storage Corp · Filed Jan 16, 2026

Research Summary

AI-generated summary of this filing

Updated

Data Storage Corp Completes Tender Offer, Repurchases 5.63M Shares

What Happened

  • Data Storage Corp (DTST) announced on January 15, 2026 that it completed its previously announced tender offer and purchased 5,625,129 shares of its common stock for an aggregate purchase price of $29,250,670.80. After the repurchase, the company reports 2,167,138 shares of common stock outstanding and approximately $10 million in cash on hand. The company issued a press release (Exhibit 99.1) and filed the Offer to Purchase and related documents with the SEC.

Key Details

  • Repurchased shares: 5,625,129
  • Aggregate purchase price: $29,250,670.80
  • Shares outstanding after repurchase: 2,167,138 (implying ~7,792,267 shares outstanding before the offer)
  • Cash on hand after repurchase: approximately $10 million
  • Directors and officers who tendered shares on January 14, 2026 (amounts tendered): John Argen 57,207; Todd Correll 0; Matthew Grover 43,340; Thomas Kempster 881,472; Lawrence Maglione 24,752; Uwayne Mitchell 11,248; Charles Piluso 865,841; Nancy Stallone 11,248; Clifford Stein 280,850; Harold Schwartz 895,876.

Why It Matters

  • The tender offer materially reduced the company’s outstanding share count, which can affect per-share metrics (like earnings per share) and investor ownership percentages. The filing also discloses the company’s remaining cash (~$10M), which is relevant for liquidity and near-term funding. Directors’ and officers’ participation is reported, providing transparency about insider involvement. Investors can review the full Offer to Purchase and the press release on the SEC’s website for more details.

Documents

14 files
  • 8-K

    FORM 8-K/A

  • EX-99.1

    EXHIBIT 99.1

  • GRAPHIC
    image_001.jpg

    GRAPHIC

  • EX-101.SCH
    dtst-20260114.xsd

    XBRL SCHEMA FILE

  • EX-101.DEF
    dtst-20260114_def.xml

    XBRL DEFINITION FILE

  • EX-101.LAB
    dtst-20260114_lab.xml

    XBRL LABEL FILE

  • EX-101.PRE
    dtst-20260114_pre.xml

    XBRL PRESENTATION FILE

  • XML

    IDEA: XBRL DOCUMENT

  • XML
    Show.js

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  • XML
    report.css

    IDEA: XBRL DOCUMENT

  • XML
    FilingSummary.xml

    IDEA: XBRL DOCUMENT

  • JSON
    MetaLinks.json

    IDEA: XBRL DOCUMENT

  • ZIP
    0001731122-26-000077-xbrl.zip

    IDEA: XBRL DOCUMENT

  • XML
    e7231_8-ka_htm.xml

    IDEA: XBRL DOCUMENT