CPS Technologies Corp. Announces Closing of $10.35 Million Public Offering of Common Stock, Including Full Exercise of Over-Allotment Option

NORTON, Mass., Oct. 08, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ: CPSH) (“CPS” or the “Company”), today announced the closing of its previously announced underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $3.00 per share of common stock. In addition, the underwriter has exercised in full the over-allotment option for the sale of an additional 450,000 shares of common stock. Gross proceeds to the Company, before deducting underwriting discounts and commissions and offering expenses, were approximately $10.35 million. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, and the expansion of production capacity to meet customer demand, including through a local move to a larger facility.

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