Every 8-K that Data Storage Corporation Warrant (DTSTW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DTSTW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DTSTW filings page.
Data Storage Corporation entered into a new Equity Distribution Agreement with Maxim Group LLC, allowing it to offer and sell, from time to time, shares of common stock under an existing at-the-market program. The related ATM prospectus covers an offering of up to $10,600,000 shares of common stock under the company’s effective Form S-3 shelf registration statement.
Maxim will act as sales agent or principal and use commercially reasonable efforts to execute sales under the company’s instructions, including price, time, and size limits. Data Storage will pay Maxim a 2.5% commission on aggregate gross proceeds, reimburse up to $25,000 of specified expenses, and pay $2,500 for Maxim’s legal fees on each Bringdown Date. The company is not obligated to sell any shares, and there is no assurance that any sales will occur.
Data Storage Corporation reported a mixed first quarter 2026 as it pivots toward AI continuity infrastructure. Sales from continuing operations were $346,707 with gross profit of $186,019, while selling, general and administrative expenses rose to $1,472,113, leading to a loss from operations of $1,286,094.
Net loss attributable to common stockholders was $631,272, or $0.20 per share, compared with essentially break-even earnings per share a year earlier. Results include a $148,991 gain from discontinued operations related to the prior sale of the cloud solutions business.
The company executed a large Tender Offer, repurchasing shares for $29,528,957, creating $29,821,464 of treasury stock and reducing total assets to $11,753,446 at March 31, 2026. Management highlighted Nexxis, where first-quarter sales grew 10.9% year over year and gross profit rose 32.1%, with gross margin improving to 53.7% from 45.0%. DTST is establishing Sovereign AI Solutions to build an AI Continuity Control Plane for regulated industries.
Data Storage Corporation reported fiscal 2025 results highlighted by record net income of $19.2 million, largely driven by the $40 million divestiture of its CloudFirst business. The company returned $29.3 million to shareholders via a tender offer and ended 2025 debt-free with over $10 million in capital.
Continuing operations are now focused on Nexxis, which generated $1.4 million in revenue, up 13.4% year over year, with gross margin expanding to 44.4%. Despite a $0.9 million loss from continuing operations, earnings per share surged to $2.64 from $0.08 as discontinued operations produced substantial gains.
Management describes DTST as a streamlined Nasdaq-listed platform with capital and strategic flexibility to pursue acquisitions in high-growth technology areas such as AI-enabled SaaS, GPU infrastructure, cybersecurity, and scalable, recurring-revenue services, and is actively advancing related initiatives.
Data Storage Corporation detailed several executive compensation actions and a leadership change. The board approved a 2025 annual bonus for Chief Executive Officer Charles M. Piluso, including a cash bonus under his employment agreement and a discretionary equity award of 160,600 restricted stock units that vest in full on May 20, 2026.
The company entered into amended three-year employment agreements for Mr. Piluso and Chief Financial Officer Chris Panagiotakos, effective January 1, 2026, with automatic one-year renewals. Mr. Piluso’s base salary is set at $275,000 and Mr. Panagiotakos’s at $270,000. Each received one-time equity awards of stock options and RSUs that vest in thirds on May 20, 2027, May 20, 2028, and May 20, 2029, plus additional performance stock units tied to acquisition and market capitalization milestones.
The amended agreements also outline annual cash bonus ranges, transaction-based cash bonuses for acquisitions and a reverse merger, and severance and change-in-control protections including salary continuation, bonus components, and accelerated vesting of equity awards. Separately, Harold Schwartz resigned as President effective February 12, 2026 due to his role with the acquiror of a divested entity, with the company stating his resignation was not related to any disagreement over financials, operations, policies, or practices.
Data Storage Corporation filed an update describing extra information it is providing to investors about the planned divestiture of its cloud solutions business. This sale would transfer substantially all of the company’s assets, including its CloudFirst Technologies subsidiary and 100% of CloudFirst Europe Ltd., for a base purchase price of $40,000,000.
The company received letters from purported stockholders arguing that its proxy statement lacked detail on valuation work done by financial advisor Cassel Salpeter & Co. In response, while stating it believes no additional disclosure is legally required, the company is voluntarily adding valuation tables. Using selected public companies, Cassel Salpeter derived an implied value range of $34.7 million to $40.8 million, and using selected M&A transactions it derived a range of $36.5 million to $42.6 million, bracketing the agreed purchase price.
Data Storage Corporation furnished a press release as Exhibit 99.1 that contains financial information for the quarter ended June 30, 2025. The company states the information is being furnished and shall not be deemed filed under the Exchange Act, and will not be incorporated by reference into other SEC filings. This 8-K lists Exhibit 99.1 (press release) and Exhibit 104 (cover page interactive XBRL). The filing text does not include the underlying financial figures; investors must consult Exhibit 99.1 for the reported metrics.
Data Storage Corporation (NASDAQ: DTST) has signed a Unit Purchase Agreement to divest its entire cloud-solutions segment, operated through CloudFirst Technologies Corporation and related entities, to Total Server Solutions Holdings, LLC for a $40 million cash consideration, subject to customary working-capital and debt adjustments. All operating assets required to run the business will be contributed to a newly formed subsidiary, DTST Sub, LLC ("NewCo"), whose units will be sold to the purchaser at closing.
Transaction structure & key economics
- Base purchase price: $40 million, reduced at closing by a $1.5 million escrow (indemnity + adjustment) and the estimated net debt / working-capital adjustments.
- Post-closing true-up: 90-day closing balance-sheet review with a dispute-resolution mechanism leading to binding arbitration by an independent accounting firm. Adjustment escrow is the first source of recovery.
- Remaining operations: post-divestiture the Company will own only Nexxis, Inc., a telecom and data-access business that generated roughly $1.1 million FY-2024 revenue.
Conditions & timeline
- Shareholder approval at the 2025 Annual Meeting (record date 7 Aug 2025; meeting targeted for 10 Sep 2025). Four insiders holding ~40 % of outstanding shares have signed Support Agreements in favour of the deal.
- Regulatory clearances, absence of a Material Adverse Effect, contribution of assets to NewCo, and ≥85 % of CloudFirst employees accepting offers from the purchaser.
- Outside date: 8 Nov 2025. Either party may terminate thereafter; mutual termination fees of $1.2 million apply in specified circumstances.
Strategic rationale
The Board believes public markets undervalue CloudFirst; selling it to a private buyer is expected to unlock shareholder value, provide liquidity to pursue "high-growth sectors," and potentially fund a return of capital. Details on future capital deployment were not disclosed.
Governance & solicitation
- The Company will file preliminary and definitive proxy statements; Rule 14a-8 shareholder proposal deadline reset to 25 Jul 2025.
- No other bids may be solicited; a “Superior Proposal” trigger would require the Company to pay the $1.2 million Seller Termination Fee.
Implications
The $40 million inflow is material given the Company’s historically small revenue base. However, the divestiture removes its primary operating asset, leaving investors dependent on management’s yet-to-be-articulated reinvestment strategy or capital-return plan. Deal execution risk (shareholder vote, financing, employee retention) remains until closing, targeted in Q4 2025.