CubCrafters Gets Set To Go Public

Company says the increase in capital will help CubCrafters ramp up production.

Monday, July 25, 2022 at 06:16 PM ET

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The Yakima, Washington-based backcountry aircraft manufacturer specializes in Part 23-certified light sport and experimental aircraft, including the Top Cub and the Carbon Cub. [Courtesy: CubCrafters]

Key Takeaways:

CubCrafters, a manufacturer of backcountry aircraft, announced its plan to file with the SEC for a public offering, allowing aviation enthusiasts to invest.
The public offering aims to raise capital to significantly increase production and reduce its current 27-month aircraft backlog, driven by growing demand for backcountry flying.
The company intends to sell preferred stock at $5 per share, with a minimum investment of $400, to its fan base, customers, and the general public.

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There is an old saying in investing—put money in what you know. Backcountry pilots and aviation enthusiasts will soon have an opportunity to do this as CubCrafters has announced that it is filing with the Securities and Exchange Commission (SEC) for a public offering in the coming weeks. The announcement came on the first day of EAA AirVenture.

The Yakima, Washington-based backcountry aircraft manufacturer specializes in Part 23-certified light sport and experimental aircraft, including the Top Cub and the Carbon Cub.