other material
confidence high
sentiment neutral
materiality 0.70
CPS Technologies closes $9.5M public offering of 3.45M shares at $3.00
CPS TECHNOLOGIES CORP/DE/
- Sold 3,450,000 shares (including full overallotment of 450,000) at $3.00 per share.
- Net proceeds of approximately $9.5 million after underwriting discounts and expenses.
- Proceeds for general corporate purposes including working capital and capacity expansion.
- Directors and officers subject to 90-day lock-up without Roth Capital Partners consent.