Company: GSIT
Filing Date: 2025-10-21
Form Type: 424B5
Source: 0001104659-25-101303
Chunk: 20

Company: GSI TECHNOLOGY INC
Filing Date: 2025-10-21
Form: 424B5
Chunk 20
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462 shares of our common stock and 3,491,538 pre-funded warrants at the offering price of $10.00 per share and $9.99 per pre-funded warrant, for gross proceeds of approximately $50.0 million, and after deducting the Placement Agent fees and estimated offering expenses payable by us, our as adjusted net tangible book value as of June 30, 2025 would have been $84 million, or $2.75 per share of common stock. This represents an immediate increase in as adjusted net tangible book value of $1.47 per share to our existing stockholders and an immediate dilution in as adjusted net tangible book value of $7.25 per share to new investors purchasing securities in this offering. The following table illustrates this calculation on a per share basis:

| ​ | Assumed offering price per share of common stock                           | ​ | ​ | ​ | ​ |    ​ | ​ | ​ | ​ | ​ | $ | 10.00 | ​ | ​ |
| ​ | Historical net tangible book value per share as of June 30, 2025           | ​ | ​ | ​ | $ | 1.28 | ​ | ​ | ​ | ​ | ​ |     ​ | ​ | ​ |
| ​ | Increase in net tangible book value per share attributable to the offering | ​ | ​ | ​ | ​ | 1.47 | ​ | ​ | ​ | ​ | ​ |     ​ | ​ | ​ |
| ​ | As adjusted net tangible book value per share, after this offering         | ​ | ​ | ​ | ​ |    ​ | ​ | ​ | ​ | ​ | ​ |  2.75 | ​ | ​ |
| ​ | Dilution per share to investors purchasing shares in this offering         | ​ | ​ | ​ | ​ |    ​ | ​ | ​ | ​ | ​ | $ |  7.25 | ​ | ​ |

The number of shares of common stock to be outstanding after this offering is based on 29,090,626 shares of common stock outstanding as of June 30, 2025, and excludes, in each case as of June 30, 2025: • 7,865,098 shares of common stock issuable upon the exercise of outstanding stock options, having a weighted average exercise price of $4.98 per share; and • 3,434,068 shares of common stock reserved for issuance under our 2007 Equity Incentive Plan,