CubCrafters, the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft, was featured in an article published by General Aviation News. The piece describes how investors can become part owners of CubCrafters now that the Securities Exchange Commission (“SEC”) has qualified the company for a $50 million public stock offering using the Regulation A+ exemption, which allows for the first outside investment in the history of the company. “Advised by Manhattan Street Capital, CubCrafters intends to raise up to $50 million from its fans, customers, aviation enthusiasts, the investment community, and the general public. The offering price for first round investors is $5 per share, with a minimum investment of $400 per investor. First announced in July 2022, the stock offering received more than $25 million in reservations in just 90 days, according to Patrick Horgan, CubCrafters’ president and CEO,” reads the publication. “While many U.S.-based general aviation aircraft manufacturers have been sold to foreign entities, CubCrafters intends to remain American owned and operated,” company officials added.
To view the full article, visit https://ibn.fm/XAarx
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 CubCrafters are available in the company’s newsroom at https://ibn.fm/CUB
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