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We recently announced that CubCrafters is planning to allow outside investment in the company for the first time in our 42-year history! CEO Patrick Horgan is interviewed on the Bell2Bell podcast about the company, CubCrafters best-in-class backcountry aircraft, and provides a preview of an exciting future as the company raises capital for its expansion to keep up with demand in the backcountry aircraft market segment.
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.
CubCrafters announces the acquisition Summit Aircraft Skis along with the unique patents, design and manufacturing assets of the company. Working closely with Mike Custard, the founder of Summit, CubCrafters is developing a smooth manufacturing transition and ensuring availability of Summit Skis to all pilots of backcountry aircraft going forward. More information is available in the full press release below.
CubCrafters was selected by the United States Department of Agriculture to provide our flagship CC19 XCub aircraft as part of a government fleet modernization contract.
While CubCrafters has supplied aircraft to multiple Federal agencies since 2003, this contract will be the first certified XCubs to be in service with the U.S. government. As part of a multi-year contract with CubCrafters, the airplanes will be primarily used for natural resource management; with the first two aircraft scheduled for delivery in late summer 2023.
The contract represents a strong testament to the reliability, durability and performance of our aircraft and the confidence and trust the Federal Government has in our product. More details are available from the link below.
After qualification by the SEC, CubCrafters can now accept investors for its Regulation A+ public offering. Full press release is linked below.
Vice President of Sales and Marketing, Brad Damm, is interviewed on the Bell2Bell podcast about the company, the upcoming Regulation A public offering, how the funds raised are expected to be used, who the corporate leadership is, and the vision for the future of the company. As of today, reservations to purchase shares can still be made at the offering price of $5 per share. If you want to participate, there is detailed information about this opportunity at the link below.