CPS Technologies prices $9 million public offering at $3 per share

CPS Technologies Corp. (NASDAQ: CPSH) announced the pricing of its underwritten public offering of 3 million shares of common stock at $3.00 per share, generating gross proceeds of approximately $9 million before deducting underwriting discounts and expenses.

The Norton, Massachusetts-based company plans to use net proceeds for general corporate purposes, including working capital, capital expenditures, debt repayment or refinancing, and other investments.

Roth Capital Partners serves as the sole book-running manager for the offering. The company granted the underwriter a 45-day option to purchase up to an additional 450,000 shares at the public offering price, minus underwriting discounts and commissions.

The offering is expected to close on or about October 8, 2025, subject to customary closing conditions. All shares will be sold by the company.

The offering operates under a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on September 20, 2024, and declared effective on October 17, 2024.

CPS Technologies specializes in high-performance material solutions for applications including electric trains, wind turbines, electric vehicles, Navy ships, the smart electric grid, and 5G infrastructure. The company also produces hermetic packages for aerospace and satellite applications and armor products for ballistic protection.

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