CPSH News & Events

Latest data shows the largest indicative borrow rate increases among liquid option names include: Prospect Capital (PSEC) 6.65% +3.79, Angion Biomedica Corp (ELTX) 13.52% +1.76, GRANITESHARES 2X LONG MU DAILY ETF (MULL) 13.12% +1.61, Vivopower Plc (VIVO) 16.76% +0.70, Avalo Therapeutics (AVTX) 1.18% +0.65, KULR Technology Group (KULR) 6.76% +0.54, CPS Technologies (CPSH) 6.12% +0.52, Tradr 2X Long SNDK Daily ETF (SNXX) 8.43% +0.49, ASP Isotopes Inc (ASPI) 1.76% +0.38, and Boost Run Inc. (BRUN) 8.40% +0.38.

CPS Technologies announced that it has entered into definitive securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 1.2M shares of the company's common stock at a purchase price of $8.00 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about May 29, subject to the satisfaction of customary closing conditions. Roth Capital Partners is acting as the exclusive placement agent for the offering. The gross proceeds to the company from the offering are expected to be approximately $9.6M, before deducting the placement agent fees and other offering expenses payable by the company. The company intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, commercialization of developing technologies and other investments.

CPS Technologies trading halted, volatility trading pause