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AI brief of an SEC Form 8-K · Data Storage Corp (DTST)

Data Storage Corp signs $10.6 million at-the-market stock sale deal with Maxim Group

Neutral Impact 3 of 5 financing Written later

Data Storage Corp entered into an Equity Distribution Agreement with Maxim Group LLC on May 26, 2026, allowing it to sell common stock through Maxim over time. The ATM Prospectus covers up to $10,600,000 of shares, and the company is not obligated to sell any shares, so the deal could dilute existing shareholders if sales occur.

Key points

  • Agreement dated May 26, 2026 with Maxim Group LLC; Maxim earns a 2.5% commission on gross proceeds from each share sale.
  • ATM Prospectus relates to up to $10,600,000 of common stock under shelf registration Form S-3 (File 333-280881), declared effective July 26, 2024.
  • Company must pay up to $25,000 in specified expenses plus $2,500 in legal fees for Maxim on each Bringdown Date.
  • The company is not required to sell any shares, and the filing gives no assurance on sale timing, price or amount.

The filing

CompanyData Storage Corp (DTST)
Form8-K, current report
Filed with the SECMay 26, 2026, 9:51 PM ET
Accession number0001731122-26-000793

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 26, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.