CPS Technologies Corp. Announces Closing of $10.35 Million Public Offering of Common Stock, Including Full Exercise of Over-Allotment Option

Rhea-AI Summary

CPS Technologies (NASDAQ: CPSH) closed an underwritten public offering on October 8, 2025 of 3,000,000 common shares at $3.00 per share and the underwriter exercised the full over-allotment for an additional 450,000 shares, generating approximately $10.35 million in gross proceeds. The company said net proceeds will be used for general corporate purposes, including working capital, capital expenditures and expanding production capacity, potentially via a local move to a larger facility. Roth Capital Partners served as sole book-running manager.

Positive

• Raised approximately $10.35 million gross proceeds
• Sold total of 3,450,000 shares including full over-allotment
• Proceeds earmarked for production capacity expansion and capex
• Roth Capital Partners acted as sole book-running manager

Negative

• Issuance of 3,450,000 shares may dilute existing shareholders
• Net proceeds reduced by underwriting discounts, commissions and offering expenses

Insights

Capital Markets Analyst

CPS closed a $10.35 million equity raise to fund growth and working capital, enhancing near-term liquidity for operational expansion.

CPS Technologies sold 3,000,000 shares plus a 450,000-share overallotment for gross proceeds of $10.35 million, with the offering closed on October 8, 2025. The company will use net proceeds for general corporate purposes, including working capital, capital expenditures and a planned local move to a larger facility to expand production capacity.

Key dependencies and risks include the net amount received after underwriting discounts and expenses and the company’s ability to translate added capacity into contracted customer demand. The disclosure identifies no specific contracts or timelines for capacity utilization, so execution risk on the expansion remains.

Watch for quarterly filings that disclose the actual net proceeds, details of capital expenditures, facility move timing, and any changes in customer commitments; expect meaningful updates within the next two fiscal quarters.

NORTON, Mass., Oct. 08, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ: CPSH) (“CPS” or the “Company”), today announced the closing of its previously announced underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $3.00 per share of common stock. In addition, the underwriter has exercised in full the over-allotment option for the sale of an additional 450,000 shares of common stock. Gross proceeds to the Company, before deducting underwriting discounts and commissions and offering expenses, were approximately $10.35 million. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, and the expansion of production capacity to meet customer demand, including through a local move to a larger facility.

Roth Capital Partners acted as the sole book-running manager for the offering.

All of the shares of common stock sold in the offering were sold by the Company. The offering closed on October 8, 2025.

The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-282266) filed with the Securities and Exchange Commission (“SEC”) on September 20, 2024, and declared effective by the SEC on October 17, 2024. A final prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may also be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by accessing the SEC’s website, www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About CPS Technologies Corp.

CPS is a technology and manufacturing leader specializing in delivering high-performance material solutions for its customers. The company’s products and intellectual property address critical needs in a variety of applications, including electric trains and subway cars, wind turbines, hybrid vehicles, electric vehicles, Navy ships, the smart electric grid, 5G infrastructure and others. CPS hermetic packages can be found in many Aerospace and Satellite applications. CPS’ armor products provide exceptional ballistic protection and environmental durability at very light weight. CPS is committed to innovation and to supporting our customers in building solutions for the transition to clean energy. The Company articulates its Vision as follows: “To pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges.”

Safe Harbor

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed public offering, including the Company’s intended use of proceeds and other statements that are not historical facts. These forward-looking statements are identified by the use of terms and phrases such as “will,” “intends,” “believes,” “expects,” “plans,” “anticipates” and similar expressions. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of the Company’s business and other risks detailed from time to time in the Company’s filings with the SEC, including its Annual Report on Form 10-K and other periodic reports filed with the SEC, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The Company expressly disclaims any obligation to update any forward-looking statements or information in this release.

CPS Technologies Corporation
111 South Worcester Street
Norton, MA 02766
www.cpstechnologysolutions.com

Investor Relations:
Chris Witty
646-438-9385
cwitty@darrowir.com

FAQ

How much did CPS Technologies (CPSH) raise in the October 8, 2025 offering?

CPSH generated approximately $10.35 million in gross proceeds from the offering.

How many shares did CPS Technologies (CPSH) sell in the public offering?

The company sold 3,000,000 shares at $3.00 and the underwriter exercised an over-allotment of 450,000 shares, total 3,450,000 shares.

What will CPS Technologies (CPSH) use the offering proceeds for?

The company intends to use net proceeds for general corporate purposes, including working capital, capital expenditures and expanding production capacity.

When did the CPS Technologies (CPSH) offering close and who managed it?

The offering closed on October 8, 2025, and Roth Capital Partners was the sole book-running manager.

Will the CPSH offering dilute existing shareholders?

Yes. The issuance of 3,450,000 new shares increases outstanding shares and may dilute existing shareholders' ownership.