08:32 AM EDT, 08/13/2025 (MT Newswires) -- TSS (TSSI) said Wednesday it has priced an underwritten public offering of 3 million common shares at $17 per share for expected gross proceeds of $51 million.

The underwriter has been granted a 30-day option to purchase up to 450,000 additional shares.

Net proceeds from the offering, which is expected to close around this Thursday, will be used for general corporate purposes, including working capital and growth capital.

Shares of the company fell more than 8% in recent premarket activity Wednesday.

Price: 17.06, Change: -1.54, Percent Change: -8.28