ESCONDIDO, Calif., Feb. 09, 2018 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (NASDAQ:OSS) (“One Stop Systems” or the “Company”) announced today that the underwriters of its recently completed initial public offering of common stock have partially exercised their option to purchase shares of common stock to cover over-allotments of an additional 100,000 shares from the Company and 100,000 shares from the Company’s Chief Executive Officer Steve Cooper at a price to the public of $5.00 per share. The sale of additional shares closed on February 9, 2018.
After giving effect to the partial exercise of the over-allotment option, the total number of shares sold by One Stop Systems in the offering increased to 3,900,000 and the total gross proceeds increased to $19.5 million.
Roth Capital Partners is acting as sole book-running manager and Benchmark is acting as co-manager for the offering. A registration statement relating to the securities being sold in the offering was declared effective by the Securities and Exchange Commission on January 31, 2018. The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, California 92660, Attention: Equity Capital Markets, or by calling (800) 678-9147 or emailing firstname.lastname@example.org.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or 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 such state or jurisdiction.
About One Stop Systems
One Stop Systems, Inc. (OSS) designs and manufactures high performance compute accelerators, flash storage arrays and customized servers for deep learning, AI, defense, finance and entertainment applications. OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe flash cards to build award-winning systems, including many industry firsts, for OEMs and government customers. The company’s innovative hardware and Ion Accelerator Software offers exceptional performance and unparalleled scalability. OSS products are available directly, through global distributors, or via its SkyScale cloud services. For more information, go to www.onestopsystems.com.
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Source: OneStop Systems, Inc.