CPS Technologies closes $10.35 million stock offering

CPS Technologies Corp. (NASDAQ: CPSH) completed its underwritten public offering of common stock, raising approximately $10.35 million in gross proceeds before fees and expenses.

The Norton, Massachusetts-based company sold 3,000,000 shares at $3.00 per share. The underwriter exercised its full over-allotment option for an additional 450,000 shares, bringing the total shares sold to 3,450,000.

CPS Technologies plans to use the net proceeds for general corporate purposes, including working capital, capital expenditures, and expanding production capacity to meet customer demand. The company indicated it may relocate to a larger local facility as part of this expansion.

Roth Capital Partners served as the sole book-running manager for the offering, which closed on October 8, 2025.

The offering was conducted under a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission in September 2024 and declared effective in October 2024.

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

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