CPS Technologies announces proposed public offering of common stock

CPS Technologies Corp. (NASDAQ: CPSH) announced it intends to offer shares of its common stock in an underwritten public offering, according to a company statement.

The Norton, Massachusetts-based company expects to grant underwriters a 45-day option to purchase up to an additional 15% of the shares offered in the underwritten public offering on the same terms and conditions. Roth Capital Partners is acting as the sole book-running manager for the offering.

The offering is subject to market and other conditions, and there is no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering, the company stated.

A shelf registration statement on Form S-3 relating to the shares was originally filed with the Securities and Exchange Commission on September 20, 2024, and declared effective by the SEC on October 17, 2024.

CPS Technologies specializes in high-performance material solutions for applications including electric trains, wind turbines, hybrid and electric vehicles, Navy ships, and 5G infrastructure. The company's hermetic packages are used in aerospace and satellite applications, and its armor products provide ballistic protection.

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