Data Storage Corporation Completes Repurchase of July 2021 Warrants

Core Points - Data Storage Corporation has completed the repurchase of substantially all outstanding warrants originally issued in July 2021, paying a total of $2,049,388 for warrants exercisable for 858,750 shares of common stock [1][2] - The repurchase was triggered by the closing of the sale of the Company's CloudFirst subsidiary on September 11, 2025, and the repurchase period closed on October 13, 2025, leaving only 172,500 warrants outstanding [2][3] - The CEO stated that this transaction improves the capital structure and aligns with the goal of delivering long-term shareholder value, with plans for a tender offer to be announced soon [4] Financial Impact - The total amount paid for the warrant repurchase was $2,049,388, which simplifies the capital structure and eliminates a potential source of future dilution [2][3] - The repurchase involved warrants that could have been exercised for a total of 858,750 shares, significantly reducing the number of outstanding warrants to 172,500 [2][3] Strategic Initiatives - Following the warrant repurchase, the Company plans to focus on growth and capital return, with a tender offer expected to be initiated in the near future [4] - The Company aims to invest in GPU Infrastructure-as-a-Service (IaaS), AI-driven software applications, cybersecurity, and voice/data telecommunications to build sustainable revenue streams [5]