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MELVILLE, N.Y., May 18, 2021 (GLOBE NEWSWIRE)
Data Storage Corporation (NASDAQ:DTST, DTSTW)) ( DSC and the Company ), a provider of diverse business continuity, disaster recovery protection, and cloud infrastructure solutions and services, today announced the closing of its previously announced underwritten public offering of 1,600,000 units at a price to the public of $6.75 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $7.425. The common stock and warrants were immediately separable and were issued separately. The common stock and warrants began trading on the Nasdaq Capital Market, on May 14, 2021, under the symbols DTST and DTSTW, respectively. DSC received gross proceeds of approximately $10.8 million, before deducting underwriting discounts and commissions and other estimated offering expenses. All share numbers and pricing information in t