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Fri, Jun 02, 2023

Cubcrafters Sees 9% Rise in Stock Value

Company Gains Value Thanks to Streak of Good News

Cubcrafters was proud of their recent stock valuation after the share price of its public offering was raised to $5.45 after some good news.

In November of 2022, the company began offering stocks at $5.00 a share, with a minimum buy-in of $400 per investor. Since that Regulation A+ public offering, the company has ridden a wave of good news to see the share prices rise to $5.45.

It's a victory for the little guys, when much of the Part 23 and homebuilt industry lay almost entirely outside the stock market's purview. Even more impressive for Cubcrafters is the capacity to maintain its value - particularly when the wider stock market continues come down from its 2021 fever pitch. A small Oregon company making its way in the world on the back of the timeless Piper Cub is cute to see.

The company cites a healthy raft of good news in the last year, like CubCrafter's continuing 2-year backorder log, expanding production capacity, healthy revenue, and vertical integration thanks to its Summit Aircraft Skis acquisition. Most importantly, however, was the release of a Cub for the international market. Continuing developments in electric propulsion and improved performance should help to keep the enthusiasts coming back to CubCrafters for their next aircraft, once they're available. 

“Since our public offering announcement, demand for our shares continued to grow,” stated Patrick Horgan, CubCrafters’ President and CEO. “The milestone achievements that we announced in 2022, such as the introduction of the new Carbon Cub UL model powered by the multi-fuel Rotax 916iS engine, two rounds of NASA funding of our Electric Lift Augmenting Slats [ELAS] project, and strong 2022 financial performance drove the share price change.” 

“With strong emphasis on our core business, we continue to execute on capital-efficient and strategic expansions improving our product quality and performance, while working to improve and optimize our customer service and support -- all strong reasons for investors to participate in CubCrafters’ bright and exciting future,” Horgan said. “We are in a unique position to serve our customers through a diverse product line that appeals to every segment of the adventure aircraft market -- both domestic and international -- which will serve us well to fuel continued growth,” said Brad Damm, VP. “We are more excited than ever about the future of this Company, and we look forward to more investors joining us in building that future.”



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