CPI Aerostructures establishes $17 million at-the-market offering program

CPI Aerostructures (NYSE: CVU) entered into an at-the-market offering agreement with Craig-Hallum Capital Group LLC on March 31, 2026, according to a filing made Tuesday.

Under the agreement, the aerospace components manufacturer may sell up to $17 million worth of common stock through Craig-Hallum acting as sales agent. The shares will be offered from time to time at prevailing market prices.

The company reported a public float of approximately $57.9 million based on 11,978,969 outstanding shares held by non-affiliates. This calculation used a per-share price of $4.84, which was the closing price on March 4, 2026, representing the highest closing price within the prior 60 days.

Sales under the program may occur directly on NYSE American or other existing U.S. trading markets, through market makers, or in negotiated transactions. Craig-Hallum will act as sales agent on a best-efforts basis using commercially reasonable efforts consistent with normal trading practices.

The company stated it has not sold securities under General Instruction I.B.6. of Form S-3 during the 12 months preceding the filing date.

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