Company: GSIT
Filing Date: 2025-10-21
Form Type: 8-K
Source: 0001104659-25-101301
Chunk: 1

Company: GSI TECHNOLOGY INC
Filing Date: 2025-10-21
Form: 8-K
Item: Item 1.01
Chunk 1
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reed upon by the contracting parties.

Pursuant to the terms of the Purchase Agreement,
until 60 days following the closing date of the Registered Direct Offering, the Company has agreed not to (i) issue, enter into any agreement
to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock equivalents or (ii) file any registration
statement or any amendment or supplement thereto, other than (a) the prospectus supplement in connection with this Registered Direct Offering,
(b) any necessary filing for an Exempt Issuance (as defined in the Purchase Agreement) under applicable law, (c) a registration statement
on Form S-8 in connection with a shareholder approved equity incentive plan or (d) the filing of any amendment or supplement to any existing
registration statement solely for the purpose of revising any required disclosure in such registration statement and not for the purpose
of increasing the offering size pursuant to such registration statement. Such restrictions do not apply to certain Exempt Issuances (as
defined in the Purchase Agreement).

Needham & Company, LLC is acting as the sole placement agent for the Registered Direct Offering. The Company has agreed to pay customary
placement fees and reimburse certain expenses of Needham & Company, LLC.

The Offered Securities are being sold pursuant
to the Company’s effective registration statement on Form S-3 (Registration Statement No. 333-272985) that was originally filed
with the Securities and Exchange Commission on June 28, 2023, and which was declared effective on July 19, 2023 and a related base prospectus
and prospectus supplement dated October 21, 2025 thereunder.

The foregoing description of the Purchase Agreement and the Pre-Funded Warrant do not purport to be complete and are qualified in their entirety by
the full text of the form of Purchase Agreement and form of Pre-Funded Warrant, copies of which are attached hereto as Exhibit 10.1 and 4.1, respectively, and are incorporated by reference herein.