Cub Crafters (typically styled CubCrafters) is the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft. Becoming a publicly traded company was a long-standing vision of Jim Richmond, Cub Crafters’ founder. The company has now commenced plans to materialize Richmond’s vision and is currently allowing potential investors to reserve shares in an upcoming public offering. “The news that outside investment would be allowed for the first time in the 42 year history of the company excited potential investors, who reserved more than 1,000,000 shares of stock, worth more than $5 million, in just the first 48 hours after the reservation period opened. Given the company’s goal to raise $50 million for an expansion of its operations, the company has opted to file for a Regulation A exemption from the 1933 Securities and Exchange Act. If approved by the Securities and Exchange Commission (‘SEC’), this exemption will allow customers of the company, its fans, aviation enthusiasts, and even the general public to purchase shares of preferred stock in the company at the offering price of just $5 per share,” a recent article reads. “Backcountry aviation is increasing in popularity, and the demand for our aircraft continues to grow. We want to build airplanes faster to reduce the amount of time a customer has to wait to get a new airplane, we want to improve service and support for our owners, and we want to accelerate our focus on new innovation. Our goal is to exceed our customers’ expectations,” CubCrafters VP of Sales Brad Damm is quoted as saying.
To view the full article, visit https://ibn.fm/2veBt
About Cub Crafters Inc.
Founded in 1980 by Jim Richmond, CubCrafters’ roots are in the 80+ year history of classic grassroots aviation, but the company’s products and services are innovative and completely modern. CubCrafters designs and manufactures experimental, LSA, and Part 23 certified aircraft. The Carbon Cub family of aircraft redefined expectations for the backcountry flying experience with innovative design, modern materials, powerful engines, and breathtaking performance. The company’s flagship XCub aircraft is offered in both nosewheel and tailwheel configurations, and substantially expands the mission profile of sport utility aircraft with higher speed, longer range and larger payload. The key to CubCrafters’ success is its ability to create unique value in the experience of personal adventure aviation. For more information about the company, visit www.CubCrafters.com.
NOTE TO INVESTORS: The latest news and updates relating to Cub Crafters are available in the company’s newsroom at https://ibn.fm/CUB
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