CubCrafters, Inc. (often styled CubCrafters), the Yakima, WA-based manufacturer of kit airplanes patterned after Piper’s iconic PA-18 Super Cub, has announced that for the first time in its forty-year history, it intends to allow new public investment in the company under Securities and Exchange Commission (SEC) Regulation-A.
The rapidly growing company seeks to raise investment capital by selling preferred stock to its fans, customers, aviation enthusiasts, the investment community, and anyone else who cottons to the notion of adding a high-growth-potential, aerospace enterprise to his or her portfolio.
For forty-years, CubCrafters has built eminently rugged, robustly powerful, superbly agile, backcountry adventure airplanes. The company’s longevity, success, and growth are attributable to the superior quality of the aircraft it produces, the innovative spirit of its design teams and craftsmen, and an organizational culture predicated upon perpetual attentiveness to pilots’ demands for tougher, faster, more powerful, more capable, aircraft.
The popularity of backcountry aviation is growing. Year after year, sales of CubCrafters aircraft surpass previous records as pilots around the wide world take to remote locales and primitive landing strips in ever larger numbers. The recent introduction of a new tricycle landing-gear iteration of CubCrafters’s flagship XCub model has broadened the company’s customer-base to include the legions of pilots who’ve never operated tailwheel airplanes or don’t hold tailwheel endorsements.
CubCrafters’ President & CEO Patrick Horgan states: “With the significant increase in backcountry flying, demand for our aircraft continues to grow. We have a two year plus manufacturing backlog of orders, and there is no end in sight. Our founder, Jim Richmond, initiated the plan to pursue a Public Offering with the intention to take CubCrafters forward to the next level and secure its future for generations of aviators to come. Jim’s vision will allow us to attain the key goal of continuing to innovate, increase market share, and accelerate the company’s growth.”
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