CPI Aerostructures Announces Filing of Registration Statement
PR NEWSWIRE - December 17, 2002 15:14
EDGEWOOD, N.Y., Dec 17, 2002 /PRNewswire-FirstCall via COMTEX/ -- CPI Aerostructures, Inc. (Amex: CVU) announced today that it filed a registration statement with the Securities and Exchange Commission in connection with a proposed public offering of 1,600,000 common shares. The offering will be managed by EarlyBirdCapital, Inc. There are no selling shareholders included in this registration. The net proceeds of the proposed offering will be used for repayment of debt and for working capital and other general corporate purposes.
The registration statement filed with the Securities and Exchange Commission has not yet become effective. The securities covered by the registration statement may not be sold, nor may offers to buy such securities be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to Sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
Preliminary prospectuses, once they become available, may be obtained from EarlyBirdCapital, Inc. at One State Street Plaza, 24th Floor, New York, NY 10004.
Founded in 1980, CPI Aerostructures, Inc. is engaged in the contract production of structural aircraft parts principally for the military sector of the aircraft industry. |
