Galloway Capital Partners takes 5.02% stake in GSI Technology Inc

Reuters02-18
Galloway Capital Partners takes 5.02% stake in GSI Technology Inc

Galloway Capital Partners said it has acquired a 5.02% minority stake in GSI Technology, Inc. (Nasdaq: GSIT). The investor described GSI as materially undervalued and said it plans to engage with management and the board on strategic and capital markets initiatives to unlock shareholder value; no additional transaction terms (such as price, timing, or structure) were disclosed.

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