Thursday, March 04, 2021

One Stop Systems Inc. (OSS)
Raises $10 Million in Direct Offering

One Stop Systems Inc is US-based company which is principally engaged in designing, manufacturing, marketing high-end systems for high performance computing (HPC) applications. The company offers custom servers, compute accelerators, solid-state storage arrays and system expansion systems. The product line of the company includes GPU Appliances, GPU Expansion, GPUs and co-processors, Flash storage arrays, Flash storage expansion, Servers, Disk Arrays, Desktop computing appliances, accessories and parts. The company delivers high-end technology to customers through the sale of equipment and software for use on their premises or through remote cloud access to secure data centers housing technology.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Offering. Tuesday, One Stop Systems announced a $10 million registered direct offering with an institutional investor. The investor, reportedly an existing shareholder, will purchase 1,497,006 OSS shares at a price of $6.68, a 13% discount to the VWAP. The deal is expected to close March 3rd.


Why Now? Basically, strike while the iron is hot and raise when you don’t have a need.  The day before the announcement, OSS shares closed at a record $8.87, more than double since the beginning of 2021. The shares did sell off on the announcement, but rebounded some on Wednesday. And while OSS is not in need of capital, the raise provides the Company with significant flexibility going forward …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.