CubCrafters, a leading designer and manufacturer of light-sport and Part 23 certified backcountry aircraft, today announced that the price of shares in its Regulation A+ public offering was raised to $5.45 due to a number of positive developments. For the first time in its history, CubCrafters, in November of 2022, began accepting investments at $5 per share with a minimum of $400 per investor. Investors have enthusiastically responded and subscribed to the stock offering since that time. “Since our public offering announcement, demand for our shares continued to grow. The milestone achievements that we announced in 2022, such as the introduction of the new Carbon Cub UL model powered by the multi-fuel Rotax 916iS engine, two rounds of NASA funding of our Electric Lift Augmenting Slats [‘ELAS’] project, and strong 2022 financial performance drove the share price change,” said Patrick Horgan, CubCrafters’ president and CEO. “With strong emphasis on our core business, we continue to execute on capital-efficient and strategic expansions improving our product quality and performance, while working to improve and optimize our customer service and support — all strong reasons for investors to participate in CubCrafters’ bright and exciting future.”
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About CubCrafters Inc.
Founded in 1980 by Jim Richmond, CubCrafters’ roots are in the 80+ year history of classic grassroots aviation, but the company’s products and services are innovative and completely modern. CubCrafters designs and manufactures experimental, LSA, and Part 23 certified aircraft. The Carbon Cub family of aircraft redefined expectations for the backcountry flying experience with innovative design, modern materials, powerful engines, and breathtaking performance. The company’s flagship XCub aircraft is offered in both nosewheel and tailwheel configurations, and substantially expands the mission profile of sport utility aircraft with higher speed, longer range and larger payload. The key to CubCrafters’ success is its ability to create unique value in the experience of personal adventure aviation. For more information about the company, visit www.CubCrafters.com.
NOTE TO INVESTORS: The latest news and updates relating to Cub Crafters are available in the company’s newsroom at https://ibn.fm/CUB
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL AN OFFERING STATEMENT FILED BY THE COMPANY WITH THE SEC HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION.
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