GSI Technology prices $50 million stock and warrant offering

GSI Technology Inc. (NASDAQ: GSIT) announced it has entered into a securities purchase agreement with an institutional investor for a registered direct offering totaling $50 million.

The offering includes 1,508,462 shares of common stock priced at $10.00 per share and pre-funded warrants to purchase 3,491,538 shares at $9.99 per warrant. The pre-funded warrant price represents the common stock offering price minus the $0.01 exercise price per warrant.

Needham & Company is serving as the sole placement agent for the transaction. The closing is expected to occur on or about October 22, 2025, subject to customary closing conditions.

The company stated it intends to use the net proceeds, along with existing cash and cash equivalents, for general corporate purposes, including development of its Associative Processing Unit product line.

The offering is being conducted under an effective shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on July 19, 2023.

GSI Technology develops high-performance memory solutions for networking, telecommunications and military markets, and is working on AI and high-performance parallel computing products through its Gemini APU technology.

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