One Stop Systems Secures $20M Credit Facility

TL;DR

OSS just got a $20M credit line to boost operations.

AI Summary

On April 15, 2024, One Stop Systems, Inc. filed an 8-K report. The filing primarily serves as a notification of the company's entry into a new credit agreement with an unnamed lender, which will provide up to $20 million in revolving credit. This agreement is intended to support the company's working capital and general corporate purposes.

Why It Matters

This new credit facility provides One Stop Systems with increased financial flexibility, potentially enabling them to fund operations, pursue growth opportunities, and manage working capital more effectively.

Risk Assessment

Risk Level: medium — The company is taking on new debt, which introduces financial risk, but the credit facility is intended to support operations and growth.

Key Numbers

• $20M — Revolving Credit Facility (Provides access to funds for working capital and general corporate purposes.)

Key Players & Entities

• One Stop Systems, Inc. (company) — Registrant
• $20 million (dollar_amount) — Revolving credit facility amount
• April 15, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share OSS The Nasdaq

Filing Documents

• oss-20240415.htm (8-K) — 41KB
• oss-ex99_1.htm (EX-99.1) — 29KB
• img56641270_0.jpg (GRAPHIC) — 114KB
• 0000950170-24-044401.txt ( ) — 342KB
• oss-20240415.xsd (EX-101.SCH) — 23KB
• oss-20240415_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 15 2024, the One Stop Systems, Inc. (the "Company") issued a letter to stockholders from Michael Knowles, the Company's president and chief executive officer, and Ken Postasher, chairman of the Company's board of directors, reviewing the Company's achievements in 2023 and outlining expectations for 2024. A copy of that letter to stockholders is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Current Report"), and is incorporated herein by reference. Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements. The information set forth under Item 7.01 of this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of such section. The information in Item 7.01 of this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing, except as expressly set forth by specific reference in such a filing. This Current Report will not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely by Regulation FD.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed herewith: 99.1 Letter to Stockholders, dated April 15, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ONE STOP SYSTEMS, INC. Date: April 15, 2024 By: /s/ John Morrison John Morrison Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR