CAMARILLO, Calif., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Qualstar Corp. (OTC: QBAK), a custom designer and one-stop provider of enterprise archival data storage hardware and software solutions and compact, high-efficiency power supply solutions, today announced that it has filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and reaffirmed its strategic decision to pursue a listing on a National Securities Exchange.
The filing represents an important milestone in the Company’s corporate development and reflects its commitment to transparency, corporate governance, and providing investors and other stakeholders with access to comprehensive annual audited financial statements.
The Form 10 registration statement includes information regarding the Company’s business operations, management, corporate structure, risk factors, financial condition, and historical financial statements, as required by SEC regulations.
This filing is subject to review by the SEC. Upon the effectiveness of the Form 10, which, unless withdrawn, will be on January 3, 2027, the Company will become subject to the applicable reporting requirements of the Exchange Act, and will resume filing annual, quarterly, and current reports, and annual proxy statements with the SEC as applicable.
“Today’s filing represents an important step forward for Qualstar,” said Steven N. Bronson, CEO of the Company. “We believe this milestone demonstrates our commitment to establishing a strong foundation of corporate governance, financial transparency, and accountability as we continue to execute our long-term business strategy and pursue growth opportunities.”
The Company will continue to work through the SEC registration process and intends to provide updates regarding material developments as appropriate.
The registration statement on Form 10, including any amendments and related disclosures, is available through the SEC’s EDGAR database at www.sec.gov.
About Qualstar Corp.
Founded in California in 1984, Qualstar Corporation (OTC: QBAK) is a trusted provider of digital storage solutions sold worldwide. The company designs and manufactures scalable, energy-efficient tape libraries that safeguard critical, infrequently accessed data for long-term preservation. As the last independent tape library manufacturer, Qualstar provides customers with flexibility free from proprietary software lock-in or slot licensing fees and delivers faster turnaround times than many larger competitors. Backed by over four decades of innovation and a strong installed base, Qualstar has earned a reputation for reliability in serving organizations across a wide range of data-intensive industries.
Forward-Looking Statements
Except for statements of historical fact, this press release also contains forward-looking statements. These statements include, but are not limited to, statements regarding the Company’s expectations concerning the SEC registration process, the effectiveness of the Form 10, future reporting obligations, the intent to list on a National Securities Exchange, business strategy, growth opportunities, and future operations.
Forward-looking statements are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “may,” “will,” “should,” “could,” “estimate,” and similar expressions. These statements are based on current expectations, assumptions, and estimates of management and are subject to risks and uncertainties that could cause actual results and events to differ materially from those expressed or implied by such statements.
These risks and uncertainties include, among others, the possibility that the SEC may review the registration statement and require revisions or additional disclosures, the timing of the effectiveness of the registration statement, and other risks described in the Company’s current and future filings with the SEC. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.
Investor Relations Contact:
Steven N. Bronson
Chief Executive Officer
Qualstar Corporation
805-617-4419
IR@Qualstar.com
