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Wednesday, August 28, 2019
One Stop Systems (OSS)
Completes ATM, Raises a Total of $2.5 Million
One Stop Systems designs, manufactures, and markets high-end systems for high performance computing applications. The Company combines state-of-the art components from major technology providers to design and manufacture purpose-built systems that allow customers to exploit Big Data opportunities faster and more efficiently. HPC applications require ultra-fast processing power and the ability to quickly access and store ever-growing data sets. OSS is uniquely positioned as a specialized provider for the high-end of this marketplace providing custom servers, compute accelerators, solid-state storage arrays, and system expansion systems.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Completes ATM. One Stop Systems has completed its previously announced At-The-Market raise, selling 1,554,832 shares for total net proceeds of $2.5 million. On July 1st, the Company had reported the sale of one million shares for $1.73 per share, with the remaining 554,832 shares sold raising an additional $1 million.span>
- Funding. Combined with the $3.4 million of cash on the balance sheet as of August 2nd, the additional $1 million raised should be sufficient for….
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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certification and important disclosures included in full report.
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