Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
One Stop Systems, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
68247W109
(CUSIP Number)
December 31, 2022
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No.: 68247W109
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1
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NAME OF REPORTING PERSON
Lynrock Lake LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
1,782,528
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
1,782,528
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,782,528
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.9% (1)
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12
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TYPE OF REPORTING PERSON
PN, IA
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(1) Based on 20,032,449 shares of Common Stock of One Stop Systems, Inc. (the "Issuer") outstanding as of October 31, 2022, as reported in the Issuer's Form 10-Q filed with the
Securities and Exchange Commission ("SEC") on November 10, 2022.
CUSIP No.: 68247W109
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1
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NAME OF REPORTING PERSON
Lynrock Lake Partners LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
1,782,528
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
1,782,528
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,782,528
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.9% (1)
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12
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TYPE OF REPORTING PERSON
OO, HC
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(1) Based on 20,032,449 shares of Common Stock of the Issuer outstanding as of October 31, 2022, as reported in the Issuer's Form 10-Q filed with the SEC on November 10, 2022.
CUSIP No.: 68247W109
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1
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NAME OF REPORTING PERSON
Cynthia Paul
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
1,782,528
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
1,782,528
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,782,528
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.9% (1)
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12
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TYPE OF REPORTING PERSON
IN, HC
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(1) Based on 20,032,449 shares of Common Stock of the Issuer outstanding as of October 31, 2022, as reported in the Issuer's Form 10-Q filed with the SEC on November 10, 2022.
CUSIP No.: 68247W109
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ITEM 1(a).
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NAME OF ISSUER:
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One Stop Systems, Inc. (the "Issuer")
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ITEM 1(b).
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ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
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2235 Enterprise Street #110
Escondido, California 92029
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ITEM 2(a).
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NAME OF PERSON FILING:
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Lynrock Lake LP
Lynrock Lake Partners LLC
Cynthia Paul
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ITEM 2(b).
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ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
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2 International Drive, Suite 130
Rye Brook, NY 10573
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ITEM 2(c).
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CITIZENSHIP:
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Lynrock Lake LP - Delaware
Lynrock Lake Partners LLC - Delaware
Cynthia Paul - United States
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ITEM 2(d).
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TITLE OF CLASS OF SECURITIES:
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Common Stock, par value $0.0001 per share ("Common Stock")
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ITEM 2(e).
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CUSIP NUMBER:
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| 68247W109 | ||
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ITEM 3.
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IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A:
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(a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c);
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(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
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(e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
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(f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
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(g) [X] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
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(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);
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(k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K).
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ITEM 4.
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OWNERSHIP:
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount beneficially owned as of December 31, 2022:
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Lynrock Lake LP - 1,782,528
Lynrock Lake Partners LLC - 1,782,528
Cynthia Paul - 1,782,528
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(b)
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Percent of class as of December 31, 2022:
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Lynrock Lake LP - 8.9%
Lynrock Lake Partners LLC - 8.9%
Cynthia Paul - 8.9%
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(c)
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Number of shares as to which the person has:
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(i) Sole power to vote or to direct the vote:
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Lynrock Lake LP - 1,782,528
Lynrock Lake Partners LLC - 1,782,528
Cynthia Paul - 1,782,528
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(ii) Shared power to vote or to direct the vote:
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Lynrock Lake LP - 0
Lynrock Lake Partners LLC - 0
Cynthia Paul - 0
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(iii) Sole power to dispose or to direct the disposition of:
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Lynrock Lake LP - 1,782,528
Lynrock Lake Partners LLC - 1,782,528
Cynthia Paul - 1,782,528
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(iv) Shared power to dispose or to direct the disposition of:
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Lynrock Lake LP - 0
Lynrock Lake Partners LLC - 0
Cynthia Paul - 0
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As of December 31, 2022, Lynrock Lake Master Fund LP ("Lynrock Lake Master") directly held 1,782,528 shares of the Issuer's Common Stock. Lynrock Lake LP (the "Investment Manager") is the
investment manager of Lynrock Lake Master, and pursuant to an investment management agreement, the Investment Manager has been delegated full voting and investment power over securities of the Issuer held by Lynrock Lake Master. Cynthia Paul,
the Chief Investment Officer of the Investment Manager and Sole Member of Lynrock Lake Partners LLC, the general partner of the Investment Manager, may be deemed to exercise voting and investment power over securities of the Issuer held by
Lynrock Lake Master.
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ITEM 5.
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OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of
securities, check the following [ ].
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ITEM 6.
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OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
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As disclosed in Item 4 of this Schedule 13G, as of December 31, 2022, Lynrock Lake Master directly held 1,782,528 shares of the Issuer's Common Stock. Certain feeder funds that invest in
Lynrock Lake Master may have the right to receive dividends from, or the proceeds from the sale of, the securities directly held by Lynrock Lake Master.
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ITEM 7.
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IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
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Not applicable.
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ITEM 8.
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IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
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Not applicable.
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ITEM 9.
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NOTICE OF DISSOLUTION OF GROUP:
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Not applicable.
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ITEM 10.
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CERTIFICATION:
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were
not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2023
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LYNROCK LAKE LP
By: Lynrock Lake Partners LLC,
its general partner
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By:
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/s/ Cynthia Paul
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Name:
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Cynthia Paul
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Title:
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Sole Member
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LYNROCK LAKE PARTNERS LLC
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By:
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/s/ Cynthia Paul
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Name:
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Cynthia Paul
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Title:
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Sole Member
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/s/ Cynthia Paul
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CYNTHIA PAUL
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EXHIBIT 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each
of them of a Statement on Schedule 13G, dated February 14, 2023 (including amendments thereto) with respect to the Common Stock, par value $0.0001 per share, of One Stop Systems, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such
Statement. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall
not be responsible for the completeness and accuracy of the information concerning the other.
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LYNROCK LAKE LP
By: Lynrock Lake Partners LLC,
its general partner
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By:
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/s/ Cynthia Paul
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Name:
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Cynthia Paul
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Title:
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Sole Member
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LYNROCK LAKE PARTNERS LLC
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By:
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/s/ Cynthia Paul
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Name:
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Cynthia Paul
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Title:
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Sole Member
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/s/ Cynthia Paul
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CYNTHIA PAUL
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