SUNNYVALE, Calif., Oct. 21, 2025 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT) (“GSI Technology” or the “Company”), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for networking, telecommunications and military markets, today announced that it has entered into a securities purchase agreement with a single institutional investor providing for the purchase and sale in a registered direct offering of an aggregate of 1,508,462 shares of common stock at a purchase price of $10.00 per share and pre-funded warrants to purchase 3,491,538 shares of common stock at a purchase price of $9.99 per pre-funded warrant, which represents the per-share offering price for the common stock less the $0.01 per share exercise price for each such pre-funded warrant. The closing of the registered direct offering is expected to occur on or about October 22, 2025, subject to the satisfaction of customary closing conditions.