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): September 30, 2022
CPI AEROSTRUCTURES, INC. |
(Exact Name of Registrant as Specified in Charter) |
New York | 001-11398 | |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) |
91 Heartland Boulevard, Edgewood, New York 11717 |
(Address of Principal Executive Offices) |
Registrant’s telephone number, including area code: (631) 586-5200
N/A |
(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):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered |
Common stock, $0.001 par value per share | CVUA | NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events |
On September 30, 2022, CPI Aerostructures, Inc. (the “Company”) was informed by NYSE American that the exchange has terminated its proceeding to delist the Company’s common stock. The Company expects trading of its common stock to recommence on the NYSE American exchange on October 5, 2022, under the symbol “CVU.”
On September 30, 2022, the Company issued a press release relating to the foregoing. The press release is furnished hereto as Exhibit 99.1.
Cautionary Statement Regarding Forward Looking Statements
This Current Report on Form 8-K contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended, based on our current expectations, estimates and projections. Statements containing words such as “expects,” or similar expressions constitute forward-looking statements. These forward-looking statements include the Company’s expectation that trading of the Company’s common stock will recommence on the NYSE American exchange on October 5, 2022. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of uncertainties, risks, and changes in circumstances, including, but not limited to, risks and uncertainties related to: determinations made by the NYSE American exchange that result in a change in the Company’s expectations for recommencement of trading of the Company’s common stock on the exchange. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof. Such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that may cause actual performance and results to differ materially from those predicted. Except as required by law, the Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Item 9.01 | Financial Statements and Exhibits. |
Exhibit | Description |
99.1 | Press Release, dated September 30, 2022. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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: September 30, 2022 | CPI AEROSTRUCTURES, INC. | ||
By: | /s/ Dorith Hakim | ||
Dorith Hakim | |||
Chief Executive Officer |
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