Non-accredited investors from Florida, New Jersey, Texas and Washington can now invest in CubCrafters’ public offering.
CubCrafters, a leading designer and manufacturer of Light-Sport and Part 23 Certified aircraft, announced today that they can now accept new investment from non-accredited investors residing in the states of Florida, New Jersey, Texas and Washington.
In July of 2022, the company announced its intention to go public, and was subsequently qualified by the Securities and Exchange Commission (SEC) for a public stock offering of up to $50 million using the Regulation A+ exemption, but was unable to accept investments from non-accredited investors in several states, due to local restrictions in those states.
In order to accommodate the high level of investor interest in those states, CubCrafters has now launched a new Regulation CF campaign, offering the same preferred stock to the public, at the same initial price of $5 per share, and with the same $400 minimum investment.
“Our fans, customers, aviation enthusiasts, employees, and even the general public in the states of Florida, New Jersey, Texas, and Washington have told us that they very much want to participate in this investment opportunity,” stated Patrick Horgan, CubCrafters President and CEO. “It was always our intention for everyone to be able to participate in our offering regardless of their location, and now they can.”
CubCrafters capital raise will be used to increase manufacturing capacity to reduce order backlog, accelerate the pace of innovation to meet pilots’ demand for faster, more powerful, technically capable aircraft, to improve customer support, and to boost sales in overseas markets where the company flagship XCub aircraft has received international certifications from regional aviation authorities.
“Our fans, customers, aviation enthusiasts, employees, and even the general public in the states of Florida, New Jersey, Texas, and Washington can now participate in this investment opportunity.”
— Patrick Horgan, CubCrafters President and CEO
Click on the link to see the full press release.
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