TSS Inc. Raises $58.7 Million in Public Offering, Exceeding Initial Goal

TSS, Inc. has closed a $58.7 million public offering of common stock, including a full exercise of the over-allotment option. The company plans to use the net proceeds for general corporate purposes, including working capital and growth capital. The offering was managed by Lucid Capital Markets and closed on August 14, 2025. TSS specializes in simplifying the integration and deployment of high-performance computing infrastructure and software.

TSS, Inc. (NASDAQ: TSSI), a data center services company specializing in AI and high-performance computing infrastructure, has successfully completed its public offering of 3,450,000 shares of common stock, including the full exercise of the over-allotment option. The shares were priced at $17.00 per share, generating total gross proceeds of approximately $58.7 million [1].

The offering, managed by Lucid Capital Markets as the sole book-runner, was conducted under a shelf registration statement previously filed with the SEC. The company plans to utilize the net proceeds for general corporate purposes, including working capital and growth initiatives, with a focus on enhancing its position as an AI IT integration supplier [1].

The capital infusion substantially strengthens TSS's balance sheet and provides crucial financial flexibility as the company operates in the competitive AI and high-performance computing infrastructure services space. According to management, these funds will be directed toward general corporate purposes, with specific emphasis on working capital needs and growth initiatives [1].

CEO Darryll Dewan's comments reveal the strategic intent behind this offering: enhancing the company's AI IT integration capabilities while exploring expansion opportunities through broadening service capabilities and developing new go-to-market approaches. The successful raise sends a positive signal to TSS's customer base about the company's financial stability and commitment to long-term growth in the AI infrastructure services market [1].

The timing of this offering is particularly notable as it leverages the current strong interest in AI-related investments. The significant size of the raise relative to TSS's market capitalization suggests this capital infusion could be transformative, potentially accelerating the company's expansion plans in the rapidly evolving AI infrastructure integration market [1].

References:
[1] https://www.stocktitan.net/news/TSSI/tss-inc-announces-closing-of-58-7-million-public-offering-of-common-0u1ekk5ylcrg.html