{"id":22940,"date":"2022-07-26T00:40:46","date_gmt":"2022-07-26T00:40:46","guid":{"rendered":"https:\/\/saj.pachecostudios.com?p=22940"},"modified":"2022-07-26T00:40:47","modified_gmt":"2022-07-26T00:40:47","slug":"cubcrafters-to-file-with-securities-and-exchange-commission-for-public-offering","status":"publish","type":"post","link":"https:\/\/stateaviationjournal.com\/index.php\/state-news\/washington\/cubcrafters-to-file-with-securities-and-exchange-commission-for-public-offering\/%20","title":{"rendered":"CubCrafters to File with Securities and Exchange Commission for Public Offering"},"content":{"rendered":"\n

CubCrafters, the leading designer and manufacturer of\nLight-Sport, Experimental, and Part 23 Certified backcountry aircraft,\nannounced today that for the first time in its forty-year history, it intends\nto allow new public investment in the company under Securities and Exchange\nCommission (SEC) Regulation A.<\/p>\n\n\n\n

Advised by Manhattan Street Capital, CubCrafters intends to\nfile with the SEC for qualification to launch their public offering in the\ncoming weeks. The rapidly growing company intends to raise investment capital by\nselling preferred stock to its fans, customers, aviation enthusiasts, the\ninvestment community, and the general public at a price of $5 per share with a\nminimum investment of only $400 per investor.<\/p>\n\n\n\n

Starting today, interested investors can make a non-binding\nreservation to buy shares at the Issue Price by using this link: https:\/\/www.manhattanstreetcapital.com\/cubcrafters<\/a><\/p>\n\n\n\n

By investing through the Regulation A process, potential\ninvestors get better access to shares than in a traditional IPO. Investors of\nany wealth level are welcome, and no accreditation is required, which allows the\nvast majority of investors to reserve shares in the company at the original\nissue price directly from CubCrafters. Making an advance reservation now, ahead\nof SEC qualification, locks the purchase of company shares at the original\nissue price.<\/p>\n\n\n\n

For the past forty years, CubCrafters has specialized in\nbuilding rugged backcountry adventure airplanes. The superior quality, spirit\nof innovation, and ability to meet pilots\u2019 demand for faster, more powerful, technically\ncapable, and enduringly rugged aircraft have fueled the company\u2019s success,\nmaking them a leader in the space.<\/p>\n\n\n\n

Backcountry aviation is growing in popularity around the\nglobe. More and more pilots are taking to remote landing strips than ever\nbefore, which has resulted in record sales for CubCrafters year after year.\nWith the recent introduction of a new nose wheel landing gear configuration on\ntheir flagship XCub aircraft, the company has a diverse product line that\nappeals to every segment of the adventure aircraft market.<\/p>\n\n\n\n

\u201cWith the significant increase in backcountry flying, demand\nfor our aircraft continues to grow. We have a two year plus manufacturing\nbacklog of orders, and there is no end in sight\u201d stated Patrick Horgan, CubCrafters\u2019\nPresident & CEO. \u201cOur founder Jim Richmond initiated the plan to pursue a\nPublic Offering with the intention to take CubCrafters forward to the next\nlevel and secure its future for generations of aviators to come. Jim\u2019s vision\nwill allow us to attain the key goal of continuing to innovate, increase market\nshare, and accelerate the company\u2019s growth.\u201d<\/p>\n\n\n\n

“Regulation A is uniquely suited to CubCrafters because\nthe company appeals to a large audience of pilots and aviation enthusiasts; it\nhas a large and loyal customer base. Providing fans and customers with easy access\nto become owners of the company makes great use of the online investing process\nthat can be used in this type of public offering,” said Rod Turner, CEO of\nManhattan Street Capital.<\/p>\n\n\n\n

Brad Damm, CubCrafters\u2019 Vice President, explained that the\ncompany\u2019s independent thinking and continuing focus on innovation is what\ndrives their success with customers seeking an adventure lifestyle. \u201cWe are an\nAmerican owned company that designs and manufactures its aircraft here in the\nUnited States.<\/p>\n\n\n\n

Our products are hugely popular, and this capital raise will\nenable us to better exceed our customers\u2019 expectations. Even more performance,\nexceptional service and support, and quicker to market. That\u2019s what this is all\nabout\u201d stated Damm.<\/p>\n\n\n\n

Regulation A reservations are non-binding on investors.\nThose investors that reserve CubCrafters stock in advance of SEC qualification\nwill have the first opportunity to purchase shares at the Issue Price.<\/p>\n\n\n\n

CubCrafters has been a privately held company for the first\n40 years of its existence but is now planning to welcome new public investment.\nLearn more at: https:\/\/cubcrafters.com\/investors<\/a>\n<\/p>\n\n\n\n

Regulation A of Title IV of the JOBS Act allows mature\nstartups and later-stage companies to use equity crowd investing platforms to\nraise as much as $75M per year from both accredited and non-accredited investors\nworldwide and provides that their investments will be liquid to the extent that\nthe company raising capital lists its stock on an exchange.<\/p>\n\n\n\n