CPS Technologies sells 1.2 million shares at $8.00 each in $9.6 million offering
CPS Technologies Corp. sold 1,200,000 shares of common stock at $8.00 per share in a registered direct offering, with the closing on May 29, 2026. The company expects about $9.0 million in net proceeds, which it plans to use for general corporate purposes, and it raised its authorized common shares from 20,000,000 to 25,000,000. The sale adds cash but also increases the number of shares outstanding, which dilutes existing shareholders.
Key points
- Sold 1,200,000 shares at $8.00 per share; gross proceeds of about $9.6 million, priced at-the-market under Nasdaq rules
- Net proceeds of about $9.0 million after placement agent fees and offering expenses; Roth Capital Partners received a 5.5% cash fee
- Company agreed not to issue more shares or convertible securities for 45 days after the May 29, 2026 closing, and not to enter certain variable rate transactions for 180 days
- Certificate of Amendment increasing authorized common stock from 20,000,000 to 25,000,000 was filed May 27, 2026
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.