On the opening day of #OSH2022, CubCrafters announced that it was going public, opening the company to investment and filing with the SEC to do so. It's still in process, but the result will be a publicly traded company of which you can buy a piece. The company says it's the first company it knows of to go public during an AirVenture fly-in, and we won't disagree. After all, it's a big step for the Yakima, Washington, company to take. "Advised by Manhattan Street Capital," the company said in an embargoed press release, "CubCrafters intends to file with the SEC for qualification to launch their public offering in the coming weeks." The idea, it said, is "to raise investment capital by selling preferred stock to its fans, customers, aviation enthusiasts, the investment community, and the general public at a price of $5 per share with a minimum investment of only $400 per investor." The details of the offering are such that, explained CubCrafters, the offers that investors make would be non-binding but would reserve a space to buy shares at the price they initially buy them at, $5 per share.
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