OSS Announces Closing of $12.5 Million Registered Direct Offering of Common Stock

One Stop Systems, Inc. (OSS) a player in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, announced the closing of its previously announced registered direct offering with participation from certain new and existing institutional investors for the purchase and sale of 2,500,000 shares of common stock at a purchase price of $5.00 per share, resulting in gross proceeds of approximately $12.5 million, before deducting placement agent commissions and other offering expenses.

“We entered the second half of the year with strong momentum. This offering provides the capital to support our current and future sales growth, while also strengthening our balance sheet. With enhanced financial flexibility, we are well positioned to pursue opportunities that we believe will further accelerate our growth and extend our leadership in enterprise-class compute at the edge,” stated Mike Knowles, president and CEO, OSS.

The Company intends to use the net proceeds from the offering for growth strategy advancement, working capital to support expected growing sales within core OSS segment and business acceleration, with a focus on mergers and acquisitions and overall expansion both domestically and internationally.

A.G.P./Alliance Global Partners acted as the lead placement agent and Roth Capital Partners acted as joint-placement agent in connection with the offering.

The securities described above were offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-274073) which was declared effective by the Securities and Exchange Commission (the “SEC”) on August 25, 2023. This offering was made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying base prospectus relating to the registered direct offering are filed with the SEC and are available on the SEC’s website. Additionally, electronic copies of the prospectus supplement and the accompanying base prospectus may be obtained, 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.