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Oct 21, 2025 12:30 PM

GSI Technology Moves Ahead With $50 Million Offering After Cornell Validation

GSI Technology Inc. (NASDAQ:GSIT) shares fell Monday after the company announced a $50 million registered direct offering with a single institutional investor, just days after unveiling a major AI breakthrough validated by Cornell University.

The company will issue 1.51 million shares of common stock at $10 each and 3.49 million pre-funded warrants at $9.99 per warrant. The offering is expected to close on or about Oct. 22, 2025, pending customary closing conditions.

Needham & Company is serving as the sole placement agent. GSI said it plans to use the net proceeds, alongside existing cash, for ...