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GSI Technology Announces Pricing of $50 Million Registered Direct Offering of Common Stock and Pre-Funded Warrants
Globenewswire· 2025-10-21 13:02
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].
GSI Technology to Announce Fiscal Second Quarter 2026 Results on October 30, 2025
Globenewswire· 2025-10-20 12:00
Core Insights - GSI Technology, Inc. will announce its financial results for the fiscal second quarter 2026 on October 30, 2025, after market close [1] - A conference call will be held on the same day at 1:30 p.m. Pacific Time to discuss the financial results and outlook for the third quarter [1] - The company is a leader in high-performance memory solutions and AI processing technology, particularly with its Gemini® Associative Processing Unit (APU) [1][4] Financial Announcement Details - Financial results for the fiscal second quarter 2026 will be released after market close on October 30, 2025 [1] - The conference call will take place at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) [1] - Participants can join the call by dialing specific numbers provided for U.S. and international callers [2] Replay and Webcast Information - A replay of the conference call will be available from October 30, 2025, at 7:30 p.m. Eastern Time until November 6, 2025 [3] - The replay can be accessed via toll-free numbers for U.S. and international callers [3] - A webcast of the call will be archived on the company's investor relations website [3] Company Overview - GSI Technology is positioned at the forefront of AI technology with its innovative APU designed for efficient database searches and high-performance computing [4] - The company's products, Gemini-I® and Gemini-II®, provide scalable, low-power, high-capacity computing solutions [4] - GSI Technology aims to advance technology to create a smarter and more efficient future [4]