Data Storage Corporation (Nasdaq: DTST) completes $29,250,670.80 self-tender

Rhea-AI Filing Summary

Data Storage Corporation completed a self-tender offer, purchasing 5,625,129 shares of its common stock for an aggregate $29,250,670.80. After this transaction, the company reports 2,167,138 shares of common stock outstanding and approximately $10 million of cash on hand.

Company directors and officers also participated in the offer, tendering various amounts of their beneficially owned shares, including 881,472 shares from Thomas Kempster, 865,841 shares from Charles Piluso, 815,876 shares from Harold Schwartz, and additional amounts from several other executives and directors.

Positive

• The company completed a sizable self-tender, repurchasing 5,625,129 shares of common stock, which materially reduces the number of shares outstanding.
• After the tender offer, only 2,167,138 shares of common stock remain outstanding, potentially increasing ownership concentration for remaining shareholders.

Negative

• The tender offer used $29,250,670.80 of cash, leaving the company with approximately $10 million of cash on hand, a significantly reduced cash position.

Insights

Equity & Capital Structure Analyst

Large self-tender significantly reduces share count and cash.

Data Storage Corporation reports completing a self-tender offer in which it bought 5,625,129 common shares for a total of $29,250,670.80. Following the transaction, it states that 2,167,138 common shares remain outstanding, indicating a substantially smaller equity base than before the offer.

The company also notes that it now has approximately $10 million of cash on hand, showing that the tender was a major use of cash. Several directors and officers, including Charles Piluso, Thomas Kempster, and Harold Schwartz, tendered sizable blocks of their beneficially owned shares, which may change the insider ownership mix described.

Overall, this filing highlights a material capital allocation decision and a meaningful shift in share count, while the net effect on future performance will depend on how the leaner capital structure and lower cash balance interact with the company’s operating results disclosed in subsequent reports.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 14, 2026

DATA STORAGE CORPORATION

(Exact name of registrant as specified in its charter)

(Former Name of Registrant)

Nevada		001-35384		98-0530147
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification Number)

244 5th Avenue, Second Floor, Suite 2821

New York, New York 10001

(Address of principal executive offices) (zip code)

212-564-4922

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		DTST		The Nasdaq Capital Market
Warrants to purchase shares of Common Stock, par value $0.001 per share		DTSTW		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On January 15, 2026, the Company issued the attached press release. Pursuant to the previously announced tender offer as described in the Offer to Purchase included in the Company’s Schedule TO as filed on December 8, 2025 and as amended, the Company purchased 5,625,129 shares of the Company’s common stock for an aggregate purchase price of $29,250,670.80, leaving the Company with 2,167,138 shares of common stock outstanding and approximately $10 million of cash on hand.

On January 14, 2026, the Company’s directors and officers tendered the following number of Shares beneficially owned in connection with the Offer:

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			815,876

The press release attached hereto as Exhibit 99.1 is for informational purposes only.

The Company has filed the Offer to Purchase and other related documents with the SEC, and investors may obtain them for free from the SEC at its website (www.sec.gov) or free of charge from the Company.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are furnished with this Current Report on Form 8-K:

Exhibit Number		Exhibit Description
99.1		Press Release
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within in the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 16, 2026	DATA STORAGE CORPORATION
	By:	/s/ Charles M. Piluso
	Name:	Charles M. Piluso
	Title:	Chief Executive Officer

FAQ

What did Data Storage Corporation (DTST) announce in this 8-K filing?

Data Storage Corporation reported that it completed a previously announced self-tender offer, purchasing 5,625,129 shares of its common stock for an aggregate $29,250,670.80 and leaving 2,167,138 shares outstanding and approximately $10 million of cash on hand.

How many DTST shares were repurchased in the tender offer and for how much?

The company states that it purchased 5,625,129 shares of its common stock in the tender offer for an aggregate purchase price of $29,250,670.80.

How many Data Storage Corporation shares are outstanding after the tender offer?

After completing the tender offer, Data Storage Corporation reports that it has 2,167,138 shares of common stock outstanding.

What is Data Storage Corporation’s cash position after the tender offer?

The company indicates that, after paying for the tendered shares, it has approximately $10 million of cash on hand.

Did DTST directors and officers participate in the tender offer?

Yes. The filing lists tenders by directors and officers, including 881,472 shares from Thomas Kempster, 865,841 from Charles Piluso, 815,876 from Harold Schwartz, and additional amounts from several other executives and directors.

Where can investors find more details about the DTST tender offer?

Investors can review the Offer to Purchase included in the company’s Schedule TO filed on December 8, 2025, as amended, and may obtain these documents free from the SEC’s website or from the company; the related press release is attached as Exhibit 99.1.