CPSH CPS TECHNOLOGIES CORP/DE/
Price Chart
Executive Summary
CPS Technologies is offering 1,200,000 shares of common stock at $8.00 per share in a registered direct offering, representing a ~31% discount to the $11.59 closing price on May 27, 2026. The offering will raise approximately $9.0 million in net proceeds for general corporate purposes, diluting existing shareholders by ~6.6%.
Actionable Insight
The deep discount (31% below market) signals urgency to raise capital and will pressure the stock price toward the offering price in the near term. Monitor for any subsequent 8-K detailing use of proceeds and for any earnings update that could clarify the need for capital. The 45-day lock-up limits immediate secondary selling but does not prevent further price discovery.
Key Facts
- 1,200,000 shares offered at $8.00 per share, a 31% discount to the $11.59 prior close
- Gross proceeds of $9.6 million; net proceeds estimated at ~$9.0 million after fees and expenses
- Placement agent Roth Capital Partners receives 5.5% cash fee ($528,000 total)
- Shares outstanding increase from 18,068,448 to 19,268,448 — dilution of ~6.6%
- 45-day lock-up on company and insiders; 180-day restriction on variable rate transactions
- Proceeds used for general corporate purposes including working capital, capex, and commercialization
- Immediate dilution of $6.26 per share for new investors relative to as-adjusted net tangible book value of $1.74
Financial Impact
Dilutive offering of ~$9.6M at a 31% discount to market price; ~6.6% increase in share count
Risk Factors
- Immediate price pressure from the 31% discounted offering
- Dilution of ~6.6% for existing shareholders
- Uncertainty around use of proceeds — broad discretion may not create shareholder value
- Potential for further equity raises given the company's small market cap ($200M) and use of shelf registration
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001437749-26-018805 |
| Document: 0001437749-26-018805-index-headers.html | 0001437749-26-018805 |
| Document: 0001437749-26-018805-index.html | 0001437749-26-018805 |
| Document: 0001437749-26-018805.txt | 0001437749-26-018805 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 1, 2026
8d ago
|
8-K
| $9.45 $6.72 | ▲ +28.89% | ▲ +26.14% | $7.75 (+17.99%) |
|
May 29, 2026
12d ago
|
424B5
| $9.02 $6.72 | ▲ +25.50% | ▲ +22.98% | $7.75 (+14.08%) |
|
May 8, 2026
4w ago
|
8-K
| $3.97 $4.91 | ▲ +23.68% | ▲ +22.21% | $7.75 (+95.21%) |
|
May 6, 2026
4w ago
|
8-K
| $3.62 $4.27 | ▼ −17.96% | ▼ −16.82% | $7.75 (−114.09%) |
|
May 6, 2026
4w ago
|
8-K
| $3.62 $4.27 | ▲ +17.96% | ▲ +16.82% | $7.75 (+114.09%) |
|
May 4, 2026
5w ago
|
Press Release
| $3.65 $4.32 | ▼ −18.36% | ▼ −16.37% | $7.75 (−112.33%) |
|
Apr 29, 2026
5w ago
|
Press Release
| $4.61 $3.65 | ▼ −20.82% | ▼ −23.93% | $7.75 (+68.11%) |
|
Mar 4, 2026
13w ago
|
8-K
| $3.98 $3.75 | ▼ −5.78% | ▼ −3.54% | $7.75 (+94.72%) |
|
Mar 2, 2026
14w ago
|
Press Release
| $3.97 $3.90 | ▼ −1.76% | ▼ −1.29% | $7.75 (+95.21%) |
US Market Status
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