TSS prices $51 million public stock offering at $17 per share

TSS Inc. (NASDAQ: TSSI) announced the pricing of its underwritten public offering of 3 million shares of common stock at $17.00 per share. The data center services company expects to raise approximately $51 million before deducting underwriting discounts, commissions and offering expenses.

The Georgetown, Texas-based company provides AI and high-performance computing infrastructure and software integration services. TSS plans to use the net proceeds for general corporate purposes, including working capital and growth capital.

Lucid Capital Markets serves as the sole book-running manager for the offering. The company has granted the underwriter a 30-day option to purchase up to an additional 450,000 shares at the public offering price, less underwriting discounts and commissions.

The offering is expected to close on or about August 14, 2025, subject to customary closing conditions. All shares will be sold by the company rather than existing shareholders.

The offering is being conducted under a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on January 7, 2025, and declared effective on July 2, 2025.

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