Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

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

GSI Cornell Cornell University
Close-,Up,Of,Computer,Chip,With,Ai,Sign.,Artificial,Intelligence.

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
'Those Balls Are From Krypton?' Tom Welling Allegedly Posted a NSFW Selfie on Instagram
Tom Welling reportedly deleted an Instagram Story after an unintended reflection attracted attention online, prompting Smallville fans and former co-star Michael Rosenbaum to share Superman-themed jokes.
International Business Times UK
International Business Times UK
A battered 1677 wooden cabinet sold for $1.64 million after a key photo revealed its rarity
A small carved oak cabinet made in Salem, Massachusetts, in 1677 reached Sotheby’s as a few photographs submitted through its online portal. To an untrained eye, it might have looked like a grungy old box. Then Erik Gronning, a senior advisor in Sotheby’s American Furniture, Folk Art and Decorative Arts…
The Times of India
The Times of India
63 Hilarious And Concerning Times People Misused Quotation Marks And Made It Weird
We’ve probably all witnessed the havoc a misplaced comma can wreak on an innocent sentence. “Let’s eat, Grandma” and “Let’s eat Grandma” are one small mark apart, but only one of them sounds like a line from Hannibal Lecter. But there’s another punctuation mishap we see all the time, on…
Bored Panda
Bored Panda
73 Marriage Tweets That Prove Living With Someone Is A Daily Exercise In Accepting Weirdness
The science behind finding a partner's quirks endearing, the psychology of oversharing with strangers, and the research on couples who laugh together all point to the same conclusion: the public is not just content. It is proof of something lasting. Check out the full list of tweets to realise that…
Bored Panda
Bored Panda
The Beach Boys’ Mike Love returns to the stage despite ‘facing serious health challenges’
The 85-year-old was helped on stage by actor John Stamos, who shared an emotional message about his ‘musical hero and mentor’
The Guardian - AU
The Guardian - AU
Columbia woman spends $10 on a tiny Chipotle burrito and complains online. Then she finds out she allegedly offended the entire ‘burrito community’
That's a character-building experience.
We Got This Covered
We Got This Covered
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play