GSI Technology Stock Plunge: A $50M Funding Gamble
Update: 2025-10-21
Description
GSI Technology's stock plummeted 11% after announcing a $50 million direct offering to a single investor, sparking dilution fears. The deal, led by Needham & Company, involves shares and pre-funded warrants for future purchases. GSI plans to fuel its Gemini AI chip development with the funds. Will this gamble pay off, or will shareholder concerns persist despite GSI's history in memory solutions for diverse sectors?
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