CPSH CPS TECHNOLOGIES CORP/DE/
Price Chart
Executive Summary
CPS Technologies priced a $9.6M registered direct offering of 1.2M shares at $8.00/share (a ~31% discount to the $11.59 close on May 27), closed May 29, 2026, raising ~$9.0M net for general corporate purposes. The company also amended its charter to increase authorized common shares from 20M to 25M to accommodate the issuance. This capital raise, coming just 4 days after a prior 424B5 offering, signals ongoing cash needs and dilutes existing holders by ~6.6%.
Key Financial Metrics
Actionable Insight
The steep ~31% discount and proximity to a prior offering signal urgent capital needs. Monitor for further cash burn updates in the next 10-Q. The 45-day lock-up provides a near-term ceiling on additional dilution, but the 180-day variable-rate restriction reduces toxic financing risk. Watch for any guidance or operational updates that could justify the capital raise.
Key Facts
- 1,200,000 shares sold at $8.00/share in a registered direct offering
- Gross proceeds of ~$9.6M; net proceeds of ~$9.0M after fees and expenses
- Offering priced at ~31% discount to the $11.59 closing price on May 27, 2026
- Charter amended to increase authorized common shares from 20M to 25M
- 45-day lock-up on further equity issuance; 180-day ban on variable rate transactions
- Roth Capital Partners acted as placement agent, receiving 5.5% cash fee plus $75K expense reimbursement
- This offering follows a prior 424B5 filing on May 29, 2026 (4 days earlier) for the same $9.6M raise
Financial Impact
~$9.0M net proceeds raised; ~6.6% dilution to existing shareholders based on post-offering share count of ~19.27M shares outstanding
Risk Factors
- Continued dilution risk if additional offerings are needed within the lock-up period
- Potential for further price decline as the discounted shares enter the market
- Uncertainty around use of proceeds for 'general corporate purposes' without specific growth catalyst
Market Snapshot
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-018930 |
| Exhibit: ex_969530.htm | 0001437749-26-018930 |
| Exhibit: ex_969532.htm | 0001437749-26-018930 |
| Exhibit: ex_969529.htm | 0001437749-26-018930 |
| Exhibit: ex_969528.htm | 0001437749-26-018930 |
| Document: cpsh20260528_8k.htm | 0001437749-26-018930 |
| Document: 0001437749-26-018930-index-headers.html | 0001437749-26-018930 |
| Document: 0001437749-26-018930-index.html | 0001437749-26-018930 |
| Document: 0001437749-26-018930.txt | 0001437749-26-018930 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 1, 2026
11d ago
|
8-K
| $9.45 $6.72 | ▲ +28.89% | ▲ +26.14% | $7.86 (+16.83%) |
|
May 29, 2026
15d ago
|
424B5
| $9.02 $6.72 | ▲ +25.50% | ▲ +22.98% | $7.86 (+12.86%) |
|
May 8, 2026
5w ago
|
8-K
| $3.97 $4.91 | ▲ +23.68% | ▲ +22.21% | $7.86 (+97.98%) |
|
May 6, 2026
5w ago
|
8-K
| $3.62 $4.27 | ▼ −17.96% | ▼ −16.82% | $7.86 (−117.13%) |
|
May 6, 2026
5w ago
|
8-K
| $3.62 $4.27 | ▲ +17.96% | ▲ +16.82% | $7.86 (+117.13%) |
|
May 4, 2026
5w ago
|
Press Release
| $3.65 $4.32 | ▼ −18.36% | ▼ −16.37% | $7.86 (−115.34%) |
|
Apr 29, 2026
6w ago
|
Press Release
| $4.61 $3.65 | ▼ −20.82% | ▼ −23.93% | $7.86 (+70.50%) |
|
Mar 4, 2026
14w ago
|
8-K
| $3.98 $3.75 | ▼ −5.78% | ▼ −3.54% | $7.86 (+97.49%) |
|
Mar 2, 2026
14w ago
|
Press Release
| $3.97 $3.90 | ▼ −1.76% | ▼ −1.29% | $7.86 (+97.98%) |
US Market Status
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