Data Storage shares surge 12.01% premarket after completing $29.25M tender offer to retire 72% of shares.

Data Storage Corporation surged 12.01% in premarket trading following the announcement of completing a tender offer that retired 72% of its outstanding shares. The company repurchased 5.6 million shares for $29.25 million, retaining $10 million in cash for strategic initiatives, including disciplined M&A targeting AI, cybersecurity, and telecom sectors. The move signals confidence in capital efficiency and growth priorities, aligning with market optimism over the streamlined capital structure and focus on high-margin recurring revenue businesses.