Company: GSIT
Filing Date: 2025-10-21
Form Type: 8-K
Source: 0001104659-25-101301
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Company: GSI TECHNOLOGY INC
Filing Date: 2025-10-21
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On October 21, 2025, GSI Technology, Inc.
(the “ Company”) entered into a securities purchase agreement (the “ Purchase Agreement”) with a certain
institutional investor (the “ Purchaser”) pursuant to which the Company agreed to issue and sell, in a registered direct
offering (the “ Registered Direct Offering”) an aggregate of (i) 1,508,462 shares (the “ Shares”) of the
Company’s common stock, $0.001 par value per share (the “ Common Stock”) at a price of $10.00 per Share and (ii)
pre-funded warrants to purchase 3,491,538 shares of Common Stock (the “ Pre-Funded Warrants” and, collectively with the
Shares, the “ Offered Securities”) at a price of $9.99 per Pre-Funded Warrant. Each of the Pre-Funded Warrants is exercisable for one share of Common Stock at the
exercise price of $0.01 per Pre-Funded Warrant Share, immediately exercisable, and may be exercised at any time until all of the
Pre-Funded Warrants issued in the Registered Direct Offering are exercised in full. The Purchaser’s ability to exercise its
Pre-Funded Warrants in exchange for shares of Common Stock is subject to certain beneficial ownership limitations set forth
therein.

The gross proceeds to the Company from the Registered
Direct Offering are expected to be approximately $50 million, before deducting the placement agent’s fees and other offering expenses
payable by the Company.

The Registered Direct Offering is expected to
close on October 22, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from
the Registered Direct Offering, together with its existing cash and cash equivalents, for general corporate purposes, including development of the Company’s APU
product line.

The Purchase Agreement contains representations,
warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, including for liabilities
arising under the Securities Act of 1933, as amended (the “ Securities Act”), other obligations of the parties and termination
provisions. The representations, warranties and covenants contained in the Purchase Agreement were made only for the purposes of such
agreement and as of the specific dates, were solely for the benefit of the parties to such agreement and may be subject to limitations
ag