Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
______________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): April 6,
2010
CPI AEROSTRUCTURES,
INC.
(Exact
Name of Registrant as Specified in Charter)
New
York
|
001-11398
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11-2520310
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
|
|
|
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60
Heartland Boulevard, Edgewood, New York
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11717
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(Address of
Principal Executive Offices)
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(Zip
Code)
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(631)
586-5200
(Registrant’s
Telephone Number, Including Area Code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e 4(c))
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On April
6, 2010, CPI Aerostructures, Inc. (the “Company”) sold
500,000 shares (the “Shares”) of common
stock, par value $0.001 per share, at a sale price of $7.80 per share, upon the
closing of a “registered direct” offering (the “Offering”), through
Roth Capital Partners, LLC as placement agent (the “Placement Agent”),
primarily to institutional investors. The Shares were sold pursuant
to the terms of a placement agency agreement, dated March 30, 2010, with the
Placement Agent and subscription agreements, dated March 30, 2010, with each of
the purchasers in the Offering.
The gross
proceeds of the Offering were $3.9 million and net proceeds, after deducting the
Placement Agent’s fee and estimated offering expenses payable by the Company,
were approximately $3.5 million. Following the issuance of the
Shares, the Company has 6,548,756 shares of Common Stock issued and
outstanding.
The press
release announcing the closing of the Offering is attached hereto as Exhibit
99.1.
Item
9.01.
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Financial
Statement and Exhibits.
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(d)
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Exhibits: |
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Exhibit
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Description
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99.1
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Press
release.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated:
April 6, 2010
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CPI
AEROSTRUCTURES, INC. |
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By:
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/s/ Vincent
Palazzolo
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Vincent
Palazzolo
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Chief
Financial Officer
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EXHIBIT
INDEX
Exhibit
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Description
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99.1
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Press
release.
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