Company: GSIT
Filing Date: 2025-10-21
Form Type: 424B5
Source: 0001104659-25-101303
Chunk: 15

Company: GSI TECHNOLOGY INC
Filing Date: 2025-10-21
Form: 424B5
Chunk 15
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 whole.

In recent years, the stock market in general, and the market for technology stocks in particular, have experienced extreme price fluctuations, which have often been unrelated to the operating performance of affected companies. We have recently experienced price volatility in our common stock and, while we are continuing to execute our business strategy, we have not had any recent changes in our financial condition or results of operations that are consistent with the recent change in our stock price. The market price of our common stock might experience significant fluctuations in the future, including fluctuations unrelated to our performance. These fluctuations could materially adversely affect our business relationships, our ability to obtain future financing on favorable terms or otherwise harm our business. In addition, in the past, securities class action litigation has often been brought against a company following periods of volatility in the market price of its securities. This risk is especially acute for us because the extreme volatility of market prices of technology companies has resulted in a larger number of securities class action claims against them. Due to the potential volatility of our stock price, we may in the future be the target of similar litigation. Securities litigation could result in substantial costs and divert management’s attention and resources. This could harm our business and cause the value of our stock to decline.

There is no public market for the pre-funded warrants being offered in this offering.

There is no established public trading market for the pre-funded warrants being offered in this offering, and we do not expect a market to develop. In addition, we do not intend to apply to list the pre-funded warrants on any securities exchange or nationally recognized trading system. Without an active market, the liquidity of the pre-funded warrants will be limited.

Holders of our pre-funded warrants will have no rights as shareholders until they acquire our common stock.

Until you acquire common stock upon exercise of your pre-funded warrants, you will have no rights with respect to our common stock issuable upon exercise of your pre-funded warrants. Upon exercise of your

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pre-funded warrants, you will be entitled to exercise the rights of a shareholder only as to matters for which the record date occurs after the exercise date.

**The pre-funded warrants are speculative in nature.**

The pre-funded warrants offered hereby do not confer any rights of common stock ownership on their holders, such as voting rights or the right to receive dividends, but rather merely represent the right to acquire ordinary shares at a fixed price. Specifically, commencing on the date of issuance, holders of the pre-funded warrants may