TSS Inc. Announces Proposed Public Offering of Common Stock

Rhea-AI Summary

TSS Inc. (Nasdaq:TSSI), a data center services company specializing in AI and high-performance computing infrastructure, has announced plans for an underwritten public offering of common stock. The offering will be managed by Lucid Capital Markets as the sole book-running manager.

The offering will be conducted under a shelf registration statement on Form S-3 that was declared effective by the SEC on July 2, 2025. The company notes that the offering's completion, size, and terms are subject to market conditions and cannot be guaranteed.

Positive

• None.

Negative

• Potential dilution of existing shareholders' value through new stock issuance
• Uncertainty regarding the offering size and terms

GEORGETOWN, TX / ACCESS Newswire / August 12, 2025 / TSS, Inc. (Nasdaq:TSSI) (the "Company" or "TSS") a data center services company that integrates AI and other high-performance computing infrastructure and software and provides related data center services, today announced that it is commencing an underwritten public offering of shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Lucid Capital Markets is acting as the sole book- running manager for the offering.

The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-284153) filed with the Securities and Exchange Commission ("SEC") on January 7, 2025, and declared effective by the SEC on July 2, 2025.

A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will 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 registration or qualification under the securities laws of any such state or other jurisdiction.

About TSS, Inc.

TSS specializes in simplifying the complex. The TSS mission is to streamline the integration and deployment of high-performance computing infrastructure and software, ensuring that end users quickly receive and efficiently utilize the necessary technology. Known for flexibility, the company builds, integrates, and deploys custom, high-volume solutions that empower data centers and catalyze the digital transformation of generative AI and other leading-edge technologies essential for modern computing, data, and business needs. TSS' reputation is built on passion and experience, quality, and fast time to value. As trusted partners of the world's leading data center technology providers, the company manages and deploys billions of dollars in technology each year.

Forward Looking Statements

This press release may contain "forward-looking statements" -- that is, statements related to future -- not past -- events, plans, and prospects. In this context, forward-looking statements may address matters such as our expected future business and financial performance, and often contain words such as "guidance," "prospects," "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Forward-looking statements include, but are not limited to, statements regarding TSS's anticipated public offering, including the completion of the public offering on the anticipated terms, if at all, and other statements that are not historical facts. Particular uncertainties that could adversely or positively affect our future results include: we may not have sufficient resources to fund our business and may need to issue debt or equity to obtain additional funding; our reliance on a significant portion of our revenues from a limited number of customers and our ability to diversify our customer base; risks relating to operating in a highly competitive industry; risks relating to supply chain challenges; risk related to changes in labor market conditions; risks related to the implementation of a new enterprise resource IT system; risks related to the development of our procurement services business; risks relating to rapid technological, structural, and competitive changes affecting the industries we serve; risks involved in properly managing complex projects; risks relating to the possible cancellation of customer contracts on short notice; risks relating to our ability to continue to implement our strategy, including having sufficient financial resources to carry out that strategy; and other risks and uncertainties disclosed in our filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Contacts:

Hayden IR
James Carbonara (646) 755-7412
Brett Maas (646) 536-7331
tssi@haydenir.com

TSS, Inc.
Danny Chism, CFO
(512) 310-4908
dchism@tssiusa.com

SOURCE: TSS, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the purpose of TSS Inc's (TSSI) public offering announced on August 12, 2025?

TSS Inc. announced an underwritten public offering of common stock, though specific details about the use of proceeds were not disclosed in the announcement.

Who is managing the TSSI stock offering?

Lucid Capital Markets is acting as the sole book-running manager for the offering.

When was TSS Inc's Form S-3 registration statement declared effective by the SEC?

The shelf registration statement was declared effective by the SEC on July 2, 2025.

How many shares will be offered in TSS Inc's (TSSI) public offering?

The exact size and terms of the offering were not disclosed, as they are subject to market conditions.

What is TSS Inc's main business focus?

TSS Inc. is a data center services company that integrates AI and high-performance computing infrastructure and software, while providing related data center services.