One Stop Systems Closes $12.5 Million Direct Offering
Recently, One Stop Systems, Inc. (Nasdaq: OSS), a leading provider in rugged Enterprise Class computing for artificial intelligence (AI) and machine learning, announced a significant financial milestone. The company successfully closed a registered direct offering, raising approximately $12.5 million by selling 2,500,000 shares of common stock at a price of $5.00 per share. This comes as a strategic move to bolster their operational capabilities and support ongoing sales growth.
Strategic Growth Through Capital Raising
OSS’s President and CEO, Mike Knowles, highlighted the importance of this offering, stating, "We entered the second half of the year with strong momentum. This offering provides the capital to support our current and future sales growth, while also strengthening our balance sheet." The funds will be pivotal in advancing their growth strategy and enhancing their ability to seize new business opportunities.
Investment in Future Opportunities
The company plans to use the proceeds from this offering to accelerate business expansion. This includes investments in working capital and increasing sales in core segments, along with focusing on potential mergers and acquisitions to further extend their market reach both domestically and internationally.
Placement Agents and the Offering Structure
A.G.P./Alliance Global Partners acted as the lead placement agent, with Roth Capital Partners serving as the joint-placement agent for this offering. The securities were sold under an effective shelf registration statement approved by the Securities and Exchange Commission, which ensures compliance with regulatory standards while enabling efficient capital raising.
About One Stop Systems
One Stop Systems, Inc. (Nasdaq: OSS) is recognized for its cutting-edge technologies that cater to the demanding applications of edge computing. The company specializes in designing and manufacturing rugged servers, compute accelerators, and storage solutions that enable remarkable AI capabilities in various challenging environments such as autonomous vehicles, drones, and defense applications.
Innovative Solutions for Diverse Industries
OSS’s products are deployed in numerous sectors, supporting critical operations in autonomous transportation, aerospace, and military applications. Their systems are designed to address the complete AI workflow, optimizing processes from data acquisition to real-time processing and machine learning.
Contact Information for Media and Investors
For media inquiries, One Stop Systems can be reached via Robert Kalebaugh at (858) 518-6154. For investor relations, Andrew Berger at SM Berger & Company, Inc. is available at (216) 464-6400. Both individuals can offer insights into the strategic direction of OSS and details regarding future initiatives.
Frequently Asked Questions
What was the amount raised in the recent direct offering?
One Stop Systems raised approximately $12.5 million through the direct offering.
What will the raised funds be used for?
The funds will support growth strategies, business expansion, and working capital to enhance sales in key segments.
Who were the placement agents involved in the offering?
A.G.P./Alliance Global Partners acted as the lead placement agent, while Roth Capital Partners served as the joint-placement agent.
What sectors does OSS's technology serve?
OSS's technologies are utilized in diverse sectors, including autonomous vehicles, aerospace, and defense.
How does OSS position itself in the edge computing market?
OSS focuses on delivering rugged and reliable AI-enabled solutions tailored for challenging environments, making them a leader in the enterprise-class compute sector.
