Data Storage Corp Confirms Common Stock Exchange Listing

TL;DR

**DSC's common stock is officially listed on an exchange, good for liquidity and oversight.**

AI Summary

Data Storage Corporation (DSC) filed an 8-K on January 5, 2024, to report that its common stock, with a par value of $0.001 per share, is registered pursuant to Section 12(b) of the Securities Exchange Act of 1934. This filing indicates that the company's shares are listed on a national securities exchange, which is important for investors as it generally implies greater liquidity and regulatory oversight compared to over-the-counter markets. For current or prospective shareholders, this confirms the stock's continued listing status, which is a positive sign for market access and transparency.

Why It Matters

This filing confirms Data Storage Corporation's common stock is listed on a national exchange, providing investors with greater transparency and liquidity. It reassures shareholders about the stock's accessibility and regulatory compliance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure confirming a listing status, which generally reduces risk by ensuring market access and regulatory oversight.

Analyst Insight

Investors should view this filing as a confirmation of standard compliance and continued market access, rather than a signal for immediate action. It reinforces the stock's current trading environment.

Key Numbers

• $0.001 — Par Value per Share (The par value of Data Storage Corporation's common stock.)

Key Players & Entities

• Data Storage Corporation (company) — registrant
• $0.001 (dollar_amount) — par value per share of common stock
• January 5, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

• Data Storage Corporation's common stock will maintain its listing on a national exchange. (Data Storage Corporation) — high confidence, target: 2025-01-05

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share DTST The Nasdaq Capital M

Filing Documents

• e5319_8-k.htm (8-K) — 28KB
• 0001731122-24-000026.txt ( ) — 238KB
• dtst-20240105.xsd (EX-101.SCH) — 4KB
• dtst-20240105_def.xml (EX-101.DEF) — 26KB
• dtst-20240105_lab.xml (EX-101.LAB) — 36KB
• dtst-20240105_pre.xml (EX-101.PRE) — 25KB
• e5319_8-k_htm.xml (XML) — 5KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On January 5, 2024, Data Storage Corporation (the "Company") n otified The Nasdaq Stock Market ("Nasdaq") of the recent passing of Mr. Joseph B. Hoffman. At the time of his death, Mr. Hoffman was a director of the Company, the Chair of the Compensation Committee and a member of each of the Audit Committee and the Nominating and Corporate Governance Committee. In the notice, the Company further notified Nasdaq that, as a result of Mr. Hoffman's passing, the Company's Audit Committee currently consists of only two members, rather than the minimum three members as required by Rule 5605(c)(2)(A) of the Nasdaq listing standards. Accordingly, the Company does not meet the requirements of Rule 5605(c)(2)(A) of the Nasdaq listing standards, which requires that the Company maintain an audit committee of at least three members, each of whom must meet specified criteria, including certain independence criteria. The Company's Board of Directors intends to fill the vacancy on the Company's Board of Directors and its Audit Committee with a person who meets the requirements of Rule 5605(c)(2)(A) of the Nasdaq listing standards within the next few weeks.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 5, 2024 DATA STORAGE CORPORATION By: /s/ Charles M. Piluso Name: Charles M. Piluso Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR