One Stop Systems, Inc. Announces $10 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
March 02 2021 - 8:30AM
One Stop Systems, Inc. (Nasdaq: OSS), a leader in specialized
high-performance edge computing, announced today that it has
entered into a definitive agreement with an institutional investor
for the purchase and sale of 1,497,006 shares of common stock at a
purchase price of $6.68 in a registered direct offering priced
At-The-Market under Nasdaq rules. The closing of the offering is
expected to occur on or about March 3, 2021, subject to the
satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as
lead placement agent for the offering with The Benchmark Company,
LLC as co-placement agent. This offering is being made
pursuant to an effective shelf registration statement on Form S-3
(File No. 333-231513) previously filed with the U.S. Securities and
Exchange Commission (the “SEC”). A prospectus supplement describing
the terms of the proposed offering will be filed with the SEC and
will be available on the SEC’s website located at
http://www.sec.gov. Electronic copies of the prospectus supplement
may be obtained, when available, from A.G.P./Alliance Global
Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by
telephone at (212) 624-2060, or by email at
prospectus@allianceg.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About One Stop Systems
One Stop Systems, Inc. (OSS) designs and
manufactures innovative specialized high-performance computing
modules and systems, including customized servers, compute
accelerators, expansion systems, flash storage arrays and Ion
Accelerator storage software. These products are used for deep
learning, AI, defense, finance and entertainment applications, and
empower scientists, engineers, creators and other professionals to
push the boundaries of their industries.
OSS utilizes the power of PCI Express, the
latest GPU accelerators and NVMe storage to build award-winning
systems, including many industry firsts, for OEMs and government
customers. The company enables AI on the Fly® by bringing AI
datacenter performance to ‘the edge’ and on mobile platforms, and
by addressing the entire AI workflow, from high speed data
acquisition to deep learning, training and inference. OSS products
are available directly or through global distributors. For more
information, go to www.onestopsystems.com.
Forward-Looking Statements
One Stop Systems cautions you that statements in
this press release that are not a description of historical facts
are forward-looking statements. These statements are based on the
company’s current beliefs and expectations. The inclusion of
forward-looking statements should not be regarded as a
representation by One Stop Systems or its partners that any of our
plans or expectations will be achieved. Actual results may differ
from those set forth in this press release due to the risk and
uncertainties inherent in our business, including, without
limitation: risks associated with the fitness of One Stop Systems
products and applications in certain industries; risks associated
with the performance of our products that are combined into a third
party’s product, system, or application; and other risks described
in our prior press releases and in our filings with the Securities
and Exchange Commission (SEC), including under the heading “Risk
Factors” in our Annual Report on Form 10-K and any subsequent
filings with the SEC. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date hereof, and we undertake no obligation to revise or update
this press release to reflect events or circumstances after the
date hereof. All forward-looking statements are qualified in their
entirety by this cautionary statement, which is made under the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995.
Trademarks in this press release are the property of their
respective owners.
Media Contact:Katie RiveraOne Stop Systems,
Inc.Tel (760) 745-9883Email contact
Investor Relations:Ronald Both or Grant
StudeCMATel (949) 432-7557Email contact
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