One Stop Systems Announces At-The-Market Equity Offering Program

One Stop Systems, Inc. filed a prospectus supplement under which it may issue and sell, from time to time, up to an aggregate of $10 million of its common stock under an ‘at-the-market’ (ATM) equity offering program (the AProgram) through Noble Capital Markets, Inc.

Sales of common stock, if any, under the AProgram would be made by methods deemed to be an ATM offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, including sales made through Nasdaq or any other trading market for the common stock, sales to or through a market maker, or in privately negotiated transactions.

OSS expects to use net proceeds, if any, from the AProgram over time as a source for general corporate purposes, which may include, without limitations, repayment and refinancing of debt, funding product development, sales and marketing activities, increasing the company’s working capital and acquisitions or investments in businesses, products or technologies that are complementary to its own. 

A registration statement on Form S-3 relating to shares of common stock described above was previously filed with the SEC on May 15, 2019 and is effective. The offering is being made by means of a prospectus supplement to the prospectus contained in the registration statement.