OSS Announces Pricing of $12.5 Million Registered Direct Offering of Common Stock

Core Insights - One Stop Systems, Inc. has entered into securities purchase agreements for the sale of 2,500,000 shares of common stock at a price of $5.00 per share, resulting in gross proceeds of approximately $12.5 million [1][2] - The company plans to utilize the net proceeds for growth strategy advancement, working capital to support expected sales growth, and business acceleration, focusing on mergers and acquisitions and overall expansion [2] Offering Details - The offering is conducted under an effective shelf registration statement on Form S-3, declared effective by the SEC on August 25, 2023 [3] - A.G.P./Alliance Global Partners is the lead placement agent, with Roth Capital Partners acting as the joint-placement agent [2] Company Overview - One Stop Systems, Inc. specializes in AI-enabled solutions for rugged environments, designing and manufacturing Enterprise Class compute and storage products [5] - The company's products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software, utilized across various industries such as autonomous trucking, farming, and defense [6] Technology and Applications - OSS solutions address the entire AI workflow, from data acquisition to deep learning and large-scale inference, delivering industry firsts for industrial OEM and government customers [7]