Core Viewpoint - CPS Technologies Corp. plans to offer shares of its common stock in an underwritten public offering, with a potential 45-day option for underwriters to purchase an additional 15% of the shares offered [1][2]. Company Overview - CPS Technologies Corp. is a leader in technology and manufacturing, focusing on high-performance material solutions for various applications, including electric trains, wind turbines, hybrid and electric vehicles, Navy ships, and 5G infrastructure [5]. - The company aims to pioneer the next generation of high-performance materials and address significant engineering challenges, particularly in the transition to clean energy [5]. Offering Details - Roth Capital Partners is the sole book-running manager for the offering, and a shelf registration statement was filed with the SEC on September 20, 2024, and declared effective on October 17, 2024 [2]. - A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC, and copies will be available through Roth Capital Partners or the SEC's website [3].

Core Insights - CPS Technologies Corporation reported a return to profitability with positive net income and record revenue in the second quarter of fiscal 2025, driven by higher production rates and increased shipments [1][2][3] - The company expects strong revenue in the second half of the year, with an emphasis on improving gross margins and overall profitability [1][2] - CPS secured its first order for AlMax™ material, showcasing its innovative technologies and effective manufacturing capabilities [1][6] Financial Performance - Revenue for the second quarter was $8.1 million, up from $5.0 million in the same period last year, reflecting a 62% increase [2][6] - Gross profit was $1.3 million, representing a gross margin of 16.5%, compared to a gross loss of $0.2 million in the prior-year period [2][6] - Operating profit was $0.1 million, a significant improvement from an operating loss of $(1.3) million in the previous year [3][6] Earnings and Share Performance - Reported net income was $0.1 million, or $0.01 per diluted share, compared to a net loss of $(0.9) million, or $(0.07) per diluted share, in the same quarter last year [3][9] - The weighted average number of diluted common shares outstanding was 14,577,433 [9] Product and Market Development - CPS announced its fourth Small Business Innovation Research (SBIR) contract of the year, focusing on reducing the weight of the Amphibious Combat Vehicle for the U.S. Marine Corps [6] - The company continues to expand its product catalog and has demonstrated robust demand for its offerings [1][6] Company Overview - CPS is a leader in high-performance materials solutions, addressing critical needs in various applications, including electric vehicles, wind turbines, and defense [5] - The company is committed to innovation and supporting the transition to clean energy [5]

Core Insights - CPS Technologies has received its fourth Small Business Innovation Research (SBIR) contract of the year, focusing on reducing the weight of the Amphibious Combat Vehicle (ACV) for the U.S. Marine Corps [1][2][3] - The SBIR contract is valued at $140,000 for six months, with an optional extension worth an additional $100,000, aimed at redesigning vehicle components to enhance fuel efficiency and operational range [2] - CPS Technologies has also received its first commercial order for AlMax™ materials, which are Fiber-Reinforced Aluminum (FRA) Composites, indicating promising commercial traction [4][6] SBIR Contract Details - The contract will leverage CPS's expertise in advanced materials and composite engineering to evaluate components like armor and suspensions for lightweight alternatives [2] - The project is led by a CPS Materials Scientist with a strong background in composite innovation [3] - The focus is on enhancing the performance of the ACV family without compromising protection or mobility [3] AlMax™ Materials - AlMax™ materials offer the density of aluminum with superior performance characteristics, including exceptional wear resistance and high-temperature strength [4] - The initial order for AlMax™ is from a domestic manufacturer, reflecting strong interest across multiple markets [6] - Customer feedback has been positive, suggesting a strong growth trajectory for AlMax™ products [6] Company Overview - CPS Technologies is a leader in high-performance materials solutions, addressing critical needs in various applications, including defense, transportation, and clean energy [7] - The company aims to pioneer the next generation of materials and solve complex engineering challenges [8]

Core Points - Magnera Corporation will be added to the Russell 3000 Index, effective after the U.S. market closes on June 27, 2025 [1] - The Russell 3000 Index represents approximately 98% of investable U.S. equities by market capitalization, including large-cap, mid-cap, small-cap, and some microcap stocks [2] Company Overview - Magnera Corporation serves over 1,000 customers globally, providing a diverse range of material solutions, including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and food and beverage industry products [3] - The company operates across 46 production facilities and is supported by more than 9,000 employees worldwide [3] - With a history of over 160 years, Magnera has consistently adapted to economic challenges, global pandemics, and changing customer needs, focusing on delivering material solutions that help partners thrive [4]