Data Storage Corp
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a) Unregistered Sales of Equity Securities
There were no unregistered sales of the Company’s equity securities during the three months ended March 31, 2026, that were not previously reported in its filings with the SEC.
(b) Use of Proceeds
Not applicable.
(c) Issuer Purchases of Equity Securities
During the fourth quarter of 2025, we commenced a fixed-price issuer tender offer to repurchase shares of our Common Stock, as described below. Other than purchases made pursuant to the Tender Offer, we did not repurchase any other shares during the quarter.
The following table provides the information regarding our repurchases of equity securities during the quarter ended March 31, 2026:
| Period · Total Number of Shares Purchased · Average Price Paid per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Plans or Programs | ||||||||
|---|---|---|---|---|---|---|---|---|
| January 1, 2026 – January 31, 2026 | 5,625,129 | (1) | $5.20 | (1) | 5,625,129 | (1) | 0 | (1) |
| February 1, 2026 – February 28, 2026 | — | — | — | — | ||||
| March 1, 2026 – March 31, 2026 | — | — | — | — | ||||
| Total | 5,625,129 | $5.20 | 5,625,129 | 0 | ||||
| (1) | On December 8, 2025, we commenced the Tender Offer to purchase up to 6,192,990 shares of Common Stock, representing approximately 83% of our issued and outstanding shares as of December 1, 2025, at the maximum aggregate purchase price for shares purchased in the Tender Offer of $32,203,548. The first preliminary communication made prior to the commencement of the Tender Offer, which disclosed our intention to commence the Tender Offer at a later date, was filed with the SEC on July 24, 2025. The Tender Offer expired on January 12, 2026. In accordance with the terms and conditions of the Tender Offer, based on the final count, on January 15, 2026, we accepted for purchase 5,625,129 shares of Common Stock at a purchase price of $5.20 per share, for an aggregate cost of $29,250,671, excluding fees, excise taxes, and expenses relating to the Tender Offer. The shares accepted for purchase represent approximately 72.0% of the total number of shares of Common Stock outstanding as of December 8, 2025. Following payment for the tendered shares, we had 2,167,138 shares of Common Stock outstanding. After completing the Tender Offer and related payments, we retained over $10.0 million in cash. Included in the tendered shares were an aggregate of 895,876 shares of Common Stock tendered by our directors and officers. |
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