One Stop Systems Announces Common Stock Offering
One Stop Systems, Inc. (NASDAQ: OSS), a prominent player in rugged enterprise-class computing for artificial intelligence (AI) and machine learning (ML), has revealed that it has successfully entered into agreements with new and existing institutional investors. This move is part of a registered direct offering, allowing the company to sell 2,500,000 shares of common stock with a purchase price set at $5.00 per share, leading to anticipated gross proceeds of around $12.5 million.
Use of Proceeds for Strategic Expansion
The proceeds from this offering are earmarked to enhance One Stop Systems' growth strategy, targeting working capital to fuel sales in its core segments and to accelerate various business initiatives. This will help the company focus on mergers, acquisitions, and expanding its market presence not only domestically but also on international fronts.
Placement Agents and Process
A.G.P./Alliance Global Partners is stepping in as the lead placement agent for this offering, while Roth Capital Partners is joining as a co-agent. These roles are critical in facilitating the process and ensuring all regulatory requirements are met.
Regulatory Compliance and Documentation
The offering is being conducted under an effective shelf registration statement on Form S-3, which was approved by regulatory authorities. Stockholders and investors will have access to all relevant prospectus materials filed with the Securities and Exchange Commission (SEC). This ensures transparency and compliance, with all documents available for public viewing via the SEC's online resources.
About One Stop Systems
One Stop Systems, Inc. specializes in AI-enabled solutions designed for demanding edge environments. The company is dedicated to designing and manufacturing enterprise-class computing and storage products that power rugged AI, sensor fusion, and autonomous applications. Their technology pioneers PCIe switch fabric solutions suitable for harsh environments, whether in land, air, or sea applications.
OSS Product Offerings
The product lineup from OSS includes ruggedized servers, compute accelerators, and flash storage arrays, all tailored for industries such as autonomous trucking, agriculture, and defense. Their unique offerings cater to the needs of modern applications requiring high levels of computational power and stability in challenging conditions.
Impact of OSS Solutions
The solutions from One Stop Systems address critical aspects of the AI workflow, from rapid data acquisition and processing to deep learning training applications. Their innovative technology has gained recognition, delivering first-of-its-kind products for various industrial and government customers.
Media and Investor Relations Contacts
For media inquiries, reach out to:
Robert Kalebaugh
One Stop Systems, Inc.
Tel: (858) 518-6154
For investor relations, contact:
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel: (216) 464-6400
Frequently Asked Questions
What is the amount raised through the stock offering?
One Stop Systems has raised approximately $12.5 million through the offering of common stock.
Who are the placement agents for the offering?
A.G.P./Alliance Global Partners is the lead placement agent, with Roth Capital Partners as a joint-placement agent.
How many shares were sold in the common stock offering?
A total of 2,500,000 shares of common stock were sold at a price of $5.00 per share.
What will the proceeds be used for?
The proceeds will support growth strategies and working capital for OSS to enhance sales and expand business operations.
What is OSS known for?
One Stop Systems is recognized as a leader in rugged enterprise-class computing solutions, primarily focusing on artificial intelligence and machine learning technologies.
