Data Storage Corporation signals disciplined M&A and targets $10M–$15M cash position following CloudFirst sale [Seeking Alpha]
Data Storage Corporation (DTST)
NASDAQ:AMEX Investor Relations:
datastoragecorp.com/about-us/investor-relations
Company Research
Source: Seeking Alpha
Charles Piluso, Chairman, CEO & Principal Executive Officer, described the third quarter as a “defining period” for Data Storage Corporation, highlighting the completed sale of the CloudFirst subsidiary on September 11, 2025. Piluso stated this sale "provided strong financial foundation Quick Insights The CloudFirst sale provided a strong financial foundation by adding $40 million from the sale and simplifying the corporate structure, with significant gains on discontinued operations reflected in net income and a combined cash position of $45.8 million prior to the share buyback process. The company is conducting a tender offer and share buyback to return capital to shareholders; cash remaining after these transactions is estimated between $5 million and $15 million, but final figures depend on tender offer completion. The strategy focuses on disciplined growth through strengthening the Nexxis platform and seeking strategic acquisitions in recurring revenue sectors like GPU-b
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DTST
News
- Data Storage Corporation Announces Final Results of Tender OfferGlobeNewswire
- Data Storage Corporation Announces Strategic Advisory Appointments, Launches New Website, and Provides Business Update on Future StrategyGlobeNewswire
- Data Storage extends expiration time of offer to purchase [Seeking Alpha]Seeking Alpha
- Data Storage Corporation Extends Expiration Time of Offer to PurchaseGlobeNewswire
- Data Storage Corporation Provides Letter to Shareholders Highlighting 2026 Corporate StrategyGlobeNewswire
DTST
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- DTST's page on the SEC website