TSS prices public offering of 3 million shares at $17 each

GEORGETOWN, Texas - TSS, Inc. (NASDAQ:TSSI), a data center services company specializing in AI and high-performance computing infrastructure with a market capitalization of $261.64 million, announced Wednesday the pricing of its underwritten public offering of 3 million shares of common stock at $17 per share. The announcement comes amid a significant 35.3% decline in share price over the past week, according to InvestingPro data.

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

TSS plans to use the net proceeds for general corporate purposes, including working capital and growth capital, according to the company’s press release statement. The offering is expected to close on or about August 14, 2025, subject to customary closing conditions.

The offering is being made pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission in January 2025 and declared effective in July 2025.

TSS specializes in integrating and deploying high-performance computing infrastructure and software for data centers. The company works with leading data center technology providers to manage and deploy technology solutions. With trailing twelve-month revenue of $263.02 million and revenue growth of 328.79%, TSS has demonstrated strong market momentum despite operating with relatively thin gross margins of 12.21%. InvestingPro analysis reveals 13 additional key insights about TSS’s performance and valuation metrics, available to subscribers.

The transaction follows the company’s preliminary prospectus supplement and accompanying prospectus filing with the SEC. A final prospectus supplement will be filed with the SEC. For investors seeking deeper analysis, a comprehensive Pro Research Report covering TSS’s financial health, valuation metrics, and growth prospects is available on InvestingPro, along with detailed insights for over 1,400 US-listed companies.

In other recent news, TSS Inc. reported its second-quarter 2025 earnings, showcasing a remarkable revenue growth of 262% year-over-year, reaching $44 million. Despite this substantial increase in revenue, the company’s earnings per share remained flat at $0.06 compared to the previous year. Net income saw a modest rise of 6%, amounting to $1.5 million. In another development, TSS Inc. announced the commencement of an underwritten public offering of its common stock. The offering’s size and terms have not been disclosed, and its completion is contingent on market conditions. Lucid Capital Markets is acting as the sole book-running manager for this offering. These developments reflect the company’s ongoing financial activities and market strategies.

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