Data center firm TSS falls after $51 million stock offering

Data center services firm TSS' TSSI.O shares fall 3.8% to $17.89

TSSI announces pricing of $51 million stock offering

Co sold 3 million shares at $17 apiece, an 8.6% discount to stock's last close

Lucid Capital Markets is the sole bookrunning manager for the offering

Stock closed down 1.2% at $18.60 on Tuesday

Proceeds will be used for general purposes, including repaying debt and capital expenditures

TSSI has 23.7 million outstanding shares as of June 30, according to offering prospectus

As of last close, TSSI shares up 56.8% YTD