Data Storage Corporation extends its Tender Offer expiration from January 7 to January 12, 2026, filing Amendment No. 2 with the SEC.
Quiver AI Summary
Data Storage Corporation has announced an extension for its Offer to Purchase, moving the expiration date from January 7, 2026, to January 12, 2026, at 12:00 Midnight New York City Time. The company will file an amendment to its Schedule TO with the SEC to reflect this change. Following the completion of the tender offer, Data Storage plans to invest in various sectors including GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and telecommunications. The company aims to establish sustainable revenue streams while maintaining a strategic focus. The press release includes forward-looking statements and urges shareholders to read the tender offer materials available through the SEC and the company’s website.
Potential Positives
- Data Storage Corporation has extended the Expiration Time for its Offer to Purchase, providing additional time for shareholders to consider their options, which can be viewed positively in terms of shareholder engagement.
- The planned investment in GPU Infrastructure-as-a-Service (IaaS), AI-driven software applications, cybersecurity, and voice/data telecommunications indicates the company's commitment to diversifying and enhancing its service offerings, suggesting a forward-thinking growth strategy.
Potential Negatives
- Extending the expiration date of the Offer to Purchase may signal a lack of confidence in successfully completing the tender offer within the original timeframe.
- The need to file an Amendment No. 2 with the SEC suggests ongoing complexities or issues related to the tender offer process that could concern investors.
- Reiterating the risks associated with forward-looking statements indicates potential uncertainties in achieving the company's goals, impacting investor confidence.
FAQ
What is the new expiration date for Data Storage's Offer to Purchase?
The expiration date for Data Storage's Offer to Purchase has been extended to January 12, 2026.
How does the Offer to Purchase affect DTST stockholders?
Stockholders are encouraged to carefully read the tender offer materials for important information before deciding on tendering shares.
Are there risks associated with the forward-looking statements?
Yes, forward-looking statements come with risks and uncertainties that may lead to different actual results than expected.
What services does Data Storage Corporation offer?
Data Storage provides VoIP, Unified Communications, and dedicated internet connectivity through its subsidiary Nexxis, Inc.
Where can I find information about the tender offer materials?
Tender offer materials can be accessed for free at the SEC's website or on Data Storage Corporation's Investor Relations page.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DTST Insider Trading Activity
$DTST insiders have traded $DTST stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $DTST stock by insiders over the last 6 months:
- LAWRENCE A. MAGLIONE has made 0 purchases and 4 sales selling 21,529 shares for an estimated $107,784.
- CHARLES M. PILUSO (Chairman and CEO) sold 20,089 shares for an estimated $100,312
- CHRISTOS PANAGIOTAKOS (Chief Financial Officer) sold 11,053 shares for an estimated $55,192
- TODD A. CORRELL sold 10,471 shares for an estimated $51,936
- THOMAS KEMPSTER sold 6,846 shares for an estimated $34,184
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DTST Revenue
$DTST had revenues of $417K in Q3 2025. This is a decrease of -92.82% from the same period in the prior year.
You can track DTST financials on Quiver Quantitative's DTST stock page.
$DTST Hedge Fund Activity
We have seen 10 institutional investors add shares of $DTST stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PERRITT CAPITAL MANAGEMENT INC removed 80,054 shares (-66.7%) from their portfolio in Q3 2025, for an estimated $345,833
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 45,607 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $197,022
- ROYAL BANK OF CANADA removed 44,641 shares (-99.6%) from their portfolio in Q3 2025, for an estimated $192,849
- ELEVATION POINT WEALTH PARTNERS, LLC added 43,100 shares (+inf%) to their portfolio in Q3 2025, for an estimated $186,192
- CITADEL ADVISORS LLC removed 15,184 shares (-45.5%) from their portfolio in Q3 2025, for an estimated $65,594
- NORTHERN TRUST CORP added 12,273 shares (+inf%) to their portfolio in Q3 2025, for an estimated $53,019
- SNOWDEN CAPITAL ADVISORS LLC added 10,000 shares (+inf%) to their portfolio in Q3 2025, for an estimated $43,200
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MELVILLE, N.Y., Dec. 23, 2025 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“Data Storage” or the “Company”) , today announced that it will extend the Expiration Time for its Offer to Purchase. The Offer to Purchase shall be extended from January 7, 2026 to January 12, 2026. The Company will file an Amendment No. 2 to its Schedule TO with the Securities and Exchange Commission solely to extend the expiration date of the Tender Offer to 12:00 Midnight at the end of the day, New York City Time on Monday, January 12, 2026, unless the Offer is extended (such date and Time, as they may be extended (the “Expiration Time”) or earlier terminated.
About Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST), through its subsidiary today, Nexxis, Inc., provides Voice over Internet Protocol (“VoIP”)/Unified Communications and dedicated internet connectivity as part of DTST’s one-stop solution set. Once the tender offer is complete, DTST plans to invest in and support businesses, including, but not limited to, 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 Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding filing an Amendment No. 2 to the Company’s Schedule TO with the Securities and Exchange Commission; and building sustainable, recurring revenue streams while maintaining financial discipline and strategic focus. Important factors that could cause actual results to differ materially from current expectations include the Company’s ability to complete the Tender Offer process as expected; and the Company’s ability to build sustainable, recurring revenue streams while maintaining financial discipline and strategic focus. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.
Additional Information
The press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The Offer for the shares of Common Stock described in this press release is described in a tender offer statement on Schedule TO the Company filed with the Securities and Exchange Commission (“SEC”) on December 8, 2025, as amended on December 18, 2025 and today.
THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) CONTAIN IMPORTANT INFORMATION. HOLDERS OF SHARES OF THE COMPANY’S COMMON STOCK ARE URGED TO READ THESE DOCUMENTS CAREFULLY (AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME) BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF SHARES OF THE COMPANY’S COMMON STOCK SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES.
The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents have been made available to all holders of shares of the Company’s Common Stock at no expense to them. The tender offer materials are available for free at the SEC’s website at www.sec.gov or by accessing the Investor Relations section of the Company’s website at www.dtst.com.
Contact:
Crescendo Communications, LLC
212-671-1020
[email protected]