TSS Inc. Announces Successful $58.7 Million Public Offering of Common Stock with Full Over-Allotment Option Exercised

Reuters

Aug 15

TSS Inc. Announces Successful $58.7 Million Public Offering of Common Stock with Full Over-Allotment Option Exercised

TSS Inc. has successfully closed its public offering of 3,000,000 shares of common stock at a price of $17.00 per share, generating approximately $58.7 million in gross proceeds. This offering, which also included an overallotment option exercised by the underwriter for an additional 450,000 shares, was managed by Lucid Capital Markets as the sole book-running manager. The funds raised will be used for general corporate purposes, including working capital and growth capital. CEO Darryll Dewan highlighted that this capital influx will support TSS's strategic initiatives in enhancing its AI IT integration services and exploring new growth opportunities. The offering was made under a shelf registration statement filed with the SEC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TSS Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1060969) on August 14, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces Successful $58.7 Million Public Offering of Common Stock with Full Over-Allotment Option Exercised","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      TSS Inc. Announces Successful $58.7 Million Public Offering of Common Stock with Full Over-Allotment Option Exercised\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        TSS Inc. has successfully closed its public offering of 3,000,000 shares of common stock at a price of $17.00 per share, generating approximately $58.7 million in gross proceeds. This offering, which also included an overallotment option exercised by the underwriter for an additional 450,000 shares, was managed by <a href=\"https://laohu8.com/S/LCID\">Lucid</a> Capital Markets as the sole book-running manager. 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Announces Successful $58.7 Million Public Offering of Common Stock with Full Over-Allotment Option Exercised\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-15 04:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      TSS Inc. 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