GSI Technology Announces Pricing of $50 Million Registered Direct Offering of Common Stock and Pre-Funded Warrants

Core Viewpoint - GSI Technology, Inc. has announced a registered direct offering of common stock and pre-funded warrants, aiming to raise approximately $50 million to support the development of its APU product line and for general corporate purposes [1][2]. Group 1: Offering Details - The company will sell 1,508,462 shares of common stock at $10.00 per share and pre-funded warrants to purchase 3,491,538 shares at $9.99 each, with the offering expected to close around October 22, 2025 [1][2]. - The gross proceeds from the offering are anticipated to be about $50 million before deducting placement agent commissions and other expenses [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized alongside existing cash for general corporate purposes, particularly focusing on the development of the company's APU product line [2]. Group 3: Regulatory Information - The offering is conducted under an effective shelf registration statement on Form S-3, which was declared effective by the SEC on July 19, 2023 [3]. - A prospectus supplement detailing the terms of the offering will be filed with the SEC and made available on their website [3]. Group 4: Company Overview - GSI Technology is a leader in AI and high-performance computing, with its Gemini® Associative Processing Unit designed for efficient processing in billion-item database searches [5]. - The company offers scalable, low-power, high-capacity computing solutions that enhance edge computing capabilities [5].