NetworkNewsBreaks – Cub Crafters Inc. Featured in General Aviation News Article
Company: Cub Crafters Inc.
Category: News
August 18, 2022
Cub Crafters (typically styled CubCrafters), the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft, was featured in an article published by General Aviation News. The piece, titled “An interesting public offering” and written by Ben Sclair, reads, “In case you missed the announcement, CubCrafters is offering shares of the company to the public. The ultimate goal is to raise $50 million. Those funds will be used to increase production to reduce the company’s order backlog, increase the pace of innovation, expand manufacturing infrastructure, add regional service centers, and accelerate international opportunities, according to CubCrafters officials. All words and phrases you’d expect to read in an investment prospectus. But what drew my eye was CubCrafters’ revenue growth. In 2001, it reported revenue just over $5 million. By 2021 that grew to more than $30 million — a six times increase in two decades. (Source: Page 16 of Reg A+ Public Offering Presentation).”
To view the full article, visit https://nnw.fm/H9KeP
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://nnw.fm/CUB
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL AN OFFERING STATEMENT FILED BY THE COMPANY WITH THE SEC HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION.
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