sj
Staff member
Northwest Arkansas
Company Moves Forward with Public Offering
YAKIMA, Washington (November 15, 2022) -- CubCrafters, the leading designer and
manufacturer of Light-Sport, Experimental, and Part 23 Certified backcountry aircraft, announces
today it has been qualified by the Securities Exchange Commission [SEC] to make a $50 million
public stock offering using the Regulation A+ exemption, which allows for the first outside
investment ever in the history of this iconic company.
Advised by Manhattan Street Capital, CubCrafters intends to raise up to $50 million in investment
capital from its fans, customers, aviation enthusiasts, the investment community, and the general
public. The offering price for first round investors is $5 per share, with a minimum investment of
only $400 per investor. Those interested in this unique opportunity can learn more about the
company and participate in the investment at: www.manhattanstreetcapital.com/cubcrafters
“We are humbled and excited by the overwhelming interest and investor demand our capital raise
received. In just 90 days, we received reservations for more than $25 million of CubCrafters’ shares,”
said Patrick Horgan, CubCrafters’ president & CEO. “This was a great first step in securing the vision
of our founder, Jim Richmond, who wanted to give the public an opportunity to participate in the
growth of our company. Now that we have been qualified by the SEC, we look forward to
welcoming new investors to CubCrafters and working on their behalf to drive long-term shareholder
value."
The high demand for CubCrafters aircraft has resulted in a more than 2-year backlog of orders. The
proceeds of the offering will be used to increase manufacturing capacity and reduce new aircraft
customer delivery times. The company will also make investments in growing its customer support
capabilities and accelerating product innovation. All of which will enable the company to expand its
reach in the rapidly growing domestic and international markets for both adventure and utility
aircraft.
While many US-based general aviation aircraft manufacturers have been sold to foreign entities,
CubCrafters intends to remain American owned and operated. The entire line of CubCrafters
aircraft is designed and produced in the company’s facilities in Yakima, WA. To keep it that way,
CubCrafters is leveraging this Regulation A+ offering to fund growth while keeping the company
US-based.
“We have invested large amounts of time, energy, and resources to qualify a Reg A+ offering with
the SEC," stated Brad Damm, CubCrafters’ vice president. "Our Brand has grown to be synonymous
with an adventure lifestyle that inspires and appeals to people at all levels. We consistently hear
from people across many different demographics that want to be a part of what we do, that want to
join us on our journey. This offering affords that opportunity to everyone, both from within the
aviation community and from the public at large."
"The already significant response from investors and their large and loyal customer base is a strong
testimonial to CubCrafters’ role as an industry leader and to the quality of its product line,” added
Rod Turner, CEO and founder of Manhattan Street Capital. (*)"I am truly excited to be a part of this
capital raise designed to scale up CubCrafters' future success."
YAKIMA, Washington (November 15, 2022) -- CubCrafters, the leading designer and
manufacturer of Light-Sport, Experimental, and Part 23 Certified backcountry aircraft, announces
today it has been qualified by the Securities Exchange Commission [SEC] to make a $50 million
public stock offering using the Regulation A+ exemption, which allows for the first outside
investment ever in the history of this iconic company.
Advised by Manhattan Street Capital, CubCrafters intends to raise up to $50 million in investment
capital from its fans, customers, aviation enthusiasts, the investment community, and the general
public. The offering price for first round investors is $5 per share, with a minimum investment of
only $400 per investor. Those interested in this unique opportunity can learn more about the
company and participate in the investment at: www.manhattanstreetcapital.com/cubcrafters
“We are humbled and excited by the overwhelming interest and investor demand our capital raise
received. In just 90 days, we received reservations for more than $25 million of CubCrafters’ shares,”
said Patrick Horgan, CubCrafters’ president & CEO. “This was a great first step in securing the vision
of our founder, Jim Richmond, who wanted to give the public an opportunity to participate in the
growth of our company. Now that we have been qualified by the SEC, we look forward to
welcoming new investors to CubCrafters and working on their behalf to drive long-term shareholder
value."
The high demand for CubCrafters aircraft has resulted in a more than 2-year backlog of orders. The
proceeds of the offering will be used to increase manufacturing capacity and reduce new aircraft
customer delivery times. The company will also make investments in growing its customer support
capabilities and accelerating product innovation. All of which will enable the company to expand its
reach in the rapidly growing domestic and international markets for both adventure and utility
aircraft.
While many US-based general aviation aircraft manufacturers have been sold to foreign entities,
CubCrafters intends to remain American owned and operated. The entire line of CubCrafters
aircraft is designed and produced in the company’s facilities in Yakima, WA. To keep it that way,
CubCrafters is leveraging this Regulation A+ offering to fund growth while keeping the company
US-based.
“We have invested large amounts of time, energy, and resources to qualify a Reg A+ offering with
the SEC," stated Brad Damm, CubCrafters’ vice president. "Our Brand has grown to be synonymous
with an adventure lifestyle that inspires and appeals to people at all levels. We consistently hear
from people across many different demographics that want to be a part of what we do, that want to
join us on our journey. This offering affords that opportunity to everyone, both from within the
aviation community and from the public at large."
"The already significant response from investors and their large and loyal customer base is a strong
testimonial to CubCrafters’ role as an industry leader and to the quality of its product line,” added
Rod Turner, CEO and founder of Manhattan Street Capital. (*)"I am truly excited to be a part of this
capital raise designed to scale up CubCrafters' future success."
