Form 8-K GSI TECHNOLOGY INC For: Apr 02
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GSI Technology (GSIT) to Sell CA Property for $11.85M Cash
April 3, 2024 6:06 AM EDTOn April 2, 2024, GSI Technology (NASDAQ: GSIT) entered into a purchase and sale agreement (the Agreement) with D.R. Stephens & Company, LLC, as purchaser, to sell the Companys 1213 Elko Drive property in Sunnyvale, California (the Sunnyvale Property) for $11.85 million in cash. The Sunnyvale Property consists of approximately 44,277 square feet of industrial and office space where the Company has its headquarters and distribution facilities. The Agreement contains customary representations, warranties, covenants and closing conditions. The Agreement can be... More
