October 2018
CPI AERO
Canaccord Genuity acts as sole bookrunning manager on $17.3 million public offering of common stock for CPI Aerostructures, Inc.
Canaccord Genuity is pleased to announce that it acted as sole bookrunning manager on the $17.3 million public offering of common stock for CPI Aerostructures, Inc. (NYSE American: CVU) (“CPI Aero”), which priced on October 17, 2018. CPI Aero is a U.S. manufacturer of structural assemblies and integrated systems for fixed wing aircraft, helicopters, and airborne Intelligence, Surveillance, and Reconnaissance pod systems in both the defense and commercial aerospace markets.
The proceeds of the offering will be used for general corporate purposes, which may include working capital, capital expenditures, debt repayment, or strategic acquisitions.
The Canaccord Genuity team consisted of Greg Agnew, Dan Coyne, Jen Pardi, Brian O’Connor, Mike Wright, and Fred Fang.
