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CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company"), today announced the pricing of its previously announced underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $3.00 per share of common stock, for gross proceeds of approximately $9.0 million, before deducting underwriting discounts and commissions and offering expenses. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, the repayment or refinancing of existing indebtedness and other investments.
Roth Capital Partners is acting as the sole book-running manager for the offering.
In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 450,000 shares of its common stock at the public offering price, less the underwriting discounts and commissions. All of the shares of common stock to be sold in the offering will be sold by the Company. The offering is expected to close on or about October 8, 2025, subject to customary closing conditions.
Posted In: CPSH