Data Storage Corporation Completes Repurchase of July 2021 Warrants
Rhea-AI Summary
Data Storage Corporation (Nasdaq: DTST) completed repurchase of substantially all July 2021 warrants, paying an aggregate of $2,049,388 to repurchase warrants exercisable for 858,750 shares of common stock.
The repurchase was triggered by the closing sale of the CloudFirst subsidiary on September 11, 2025, the repurchase period closed on October 13, 2025, and all related transactions have been settled. Following completion, 172,500 warrants remain outstanding, which the company says simplifies its capital structure and removes a potential source of future dilution.
The company said it intends to commence a tender offer in the near future; timing, terms, and instructions will be announced once finalized.
Positive
- $2.05M spent to retire 858,750 warrant shares
- Outstanding warrants reduced to 172,500
- Repurchase settled after CloudFirst sale on Sep 11, 2025
Negative
- Repurchase used $2,049,388 of company cash
- Tender offer timing and terms not yet disclosed
News Market Reaction 1 Alert
On the day this news was published, DTST gained 4.12%, reflecting a moderate positive market reaction. This price movement added approximately $1M to the company's valuation, bringing the market cap to $32M at that time.
Data tracked by StockTitan Argus on the day of publication.
MELVILLE, N.Y., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” or the “Company”) today announced the completion of its repurchase of substantially all outstanding warrants originally issued in July 2021 (the “July 2021 Warrants”).
The Company paid an aggregate of
The repurchase period closed on October 13, 2025, and all related transactions have now been settled. Following completion, only 172,500 warrants remain outstanding, further simplifying the Company’s capital structure and eliminating a potential source of future dilution.
“This transaction improves our capital structure and aligns with our goal of delivering long-term shareholder value,” said Chuck Piluso, Chief Executive Officer of Data Storage Corporation. “With the warrant repurchase completed, we are advancing the next phase of our strategic plan focused on growth and capital return.”
As part of its ongoing initiatives to enhance shareholder value, Data Storage Corporation intends to commence a tender offer in the near future. Details regarding the tender offer, including timing, terms, and instructions for shareholders, will be announced once finalized.
About Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST) once the tender offer is complete plans on investing in and supports businesses in GPU Infrastructure-as-a-Service (IaaS), AI-driven software applications, cybersecurity, and voice/data telecommunications. The Company’s mission is to build sustainable, recurring revenue streams while maintaining financial discipline and strategic focus. For more information, visit www.dtst.com.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Such risks are detailed in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent filings. The Company undertakes no obligation to update forward-looking statements except as required by law.
Investor Contact:
Crescendo Communications, LLC
T: (212) 671-1020
Email: DTST@crescendo-ir.com
FAQ
What did Data Storage Corporation (DTST) repurchase on October 13, 2025?
How many DTST warrants remain outstanding after the repurchase?
Why was the July 2021 warrant repurchase triggered for DTST?
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