Business Context and Reporting Period
Company: Data Storage Corporation (DTST)
Filing Type: Form 8-K (Current Report)
Date of Report: April 2, 2024
Reporting Period: Specific event date of April 2, 2024.
Business Context: The filing addresses a regulatory matter regarding the Company's continued listing status on The Nasdaq Capital Market.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a current report focused on corporate governance and listing compliance rather than financial performance.
Material Changes
Listing Status Resolution: The Company received a Notification Letter from Nasdaq confirming that it has regained compliance with Listing Rule 5605(c)(2). This rule requires an audit committee of at least three members meeting specific independence criteria. The compliance was achieved following the appointment of Nancy M. Stallone, CPA, to the Board of Directors and Audit Committee, as previously reported on March 11, 2024. Nasdaq has indicated the matter is now closed.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the resolution of a delisting risk related to audit committee composition. No forward-looking guidance, financial outlook, or new risk factors are disclosed in this document.
Unusual Items: None reported beyond the resolution of the prior listing deficiency.
Investor Verification Checklist
- Verify the appointment of Nancy M. Stallone, CPA, to the Audit Committee via the March 11, 2024 Form 8-K.
- Confirm the current composition of the Board of Directors and Audit Committee to ensure ongoing compliance with Nasdaq Rule 5605(c)(2).
- Review the Company's recent financial filings (10-K or 10-Q) for actual financial performance metrics, as this 8-K contains none.