CPS Technologies raises $10.35 million in public stock offering

NORTON, Mass. - CPS Technologies Corp. (NASDAQ:CPSH) announced Wednesday the completion of its previously announced public offering, raising approximately $10.35 million in gross proceeds before deducting underwriting discounts, commissions and offering expenses. The offering comes as the company’s stock has seen significant momentum, with InvestingPro data showing a 122.3% return over the past year, despite a recent 7.8% pullback last week.

The materials technology company sold 3,000,000 shares of common stock at $3.00 per share, with the underwriter exercising its full over-allotment option for an additional 450,000 shares.

According to the company’s press release statement, CPS intends to use the net proceeds for general corporate purposes, including working capital, capital expenditures, and expanding production capacity to meet customer demand. This expansion may include relocating to a larger facility.

Roth Capital Partners served as the sole book-running manager for the offering, which was conducted under a shelf registration statement filed with the Securities and Exchange Commission last month.

CPS Technologies specializes in high-performance material solutions for various applications, including electric trains, wind turbines, electric vehicles, Navy ships, and 5G infrastructure. The company produces hermetic packages for aerospace and satellite applications, as well as lightweight armor products.

The offering closed on October 8, 2025, with all shares sold coming directly from the company.

In other recent news, CPS Technologies Corp. announced the pricing of its underwritten public offering, aiming to raise approximately $9 million in gross proceeds. The offering involves 3 million shares priced at $3.00 per share, with Roth Capital Partners acting as the sole book-running manager. The company plans to use the funds for general corporate purposes, including working capital and capital expenditures. Additionally, CPS Technologies has secured a $125,000 contract from the U.S. Department of Energy to develop high-performance impact limiters for nuclear safety. This project will be conducted under a Phase I Small Business Innovation Research contract. Furthermore, CPS Technologies was awarded a $1.15 million contract from the U.S. Army for developing a controlled fragmentation tungsten warhead. This contract is part of a Phase II Small Business Technology Transfer program. These developments reflect CPS Technologies’ ongoing efforts to secure federal contracts and expand its project portfolio.

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