CPI Aerostructures, Inc. Announces Settlement with SEC

EDGEWOOD, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (NYSE:CVU) ("CPI Aero" or "Company"), today announced a settlement with the Securities and Exchange Commission (the "SEC" or "Commission") related to the Company's previously announced restatements of certain of its financial statements for fiscal periods between January 1, 2018 and December 31, 2022. The Company has undertaken to fully remediate its material weakness in internal control over financial reporting ("ICFR") and have eff ...