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Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Lucosky Brookman LLP Client Data Storage Corporation Announces Pricing of $8.3 Million Registered Direct Offering Priced At-The-Market

Lucosky Brookman LLP congratulates its client Data Storage Corporation (Nasdaq: DTST, DTSTW), a provider of diverse business continuity, disaster recovery protection, and cloud infrastructure solutions and services, in connection with the closing of its $8.3 Million Registered Direct Offering.

After recently Uplisting, the Company entered into a securities purchase agreement with certain accredited institutional investors  to purchase approximately $8.3 million of its shares of common stock in a registered direct offering and warrants to purchase shares of its common stock in a concurrent private placement priced at-the-market under Nasdaq rules.

Lucosky Brookman acted as corporate and securities counsel to the Company. Maxim Group LLC acted as the sole placement agent in connection with the offering.

The combined purchase price for one share of common stock and 0.75 warrants is $6.04. The gross proceeds from the registered direct offering and concurrent private placement were approximately $8.3 million before deducting the placement agent’s fees and other offering expenses.