EDGEWOOD, N.Y., Sept. 30, 2022 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) as we speak introduced that it has been knowledgeable by NYSE American that the trade has terminated its continuing to delist the Company’s widespread inventory. As a consequence, the Company expects buying and selling of its widespread inventory to recommence on the NYSE American trade on October 5, 2022, below the image “CVU.”
The Company turned present with its SEC studies on September 29, 2022 upon the submitting of its Quarterly Report on Form 10-Q for the interval ended June 30, 2022. This resolved the situation that led to NYSE American suspending buying and selling within the Company’s widespread inventory on the trade.
About CPI Aero
CPI Aero is a U.S. producer of structural assemblies for fastened wing plane, helicopters and airborne Intelligence Surveillance and Reconnaissance and Electronic Warfare pod techniques, primarily for nationwide safety markets. Within the worldwide aerostructure provide chain, CPI Aero is both a Tier 1 provider to plane OEMs or a Tier 2 subcontractor to main Tier 1 producers. CPI Aero can be a primary contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its meeting operations, CPI Aero supplies engineering, program administration, provide chain administration, and MRO providers.
Forward-looking Statements
This press launch accommodates forward-looking statements throughout the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, apart from statements of historic truth, included or included on this press launch are forward-looking statements. The phrases “anticipates,” “expects,” and related expressions are supposed to establish forward-looking statements, though not all forward-looking statements comprise these figuring out phrases. These forward-looking statements embrace the Company’s expectation that buying and selling of the Company’s widespread inventory will recommence on the NYSE American trade on October 5, 2022.
Forward-looking statements contain dangers and uncertainties, and precise outcomes might differ materially from these forward-looking statements. Factors that will trigger future outcomes to vary materially from the Company’s present expectations embrace, amongst different issues, determinations made by the NYSE American trade that lead to a change within the Company’s expectations for recommencement of buying and selling of the Company’s widespread inventory on the trade.
The Company doesn’t assure that it’s going to obtain the plans, intentions or expectations disclosed in its forward-looking statements and you shouldn’t place undue reliance on the Company’s forward-looking statements. There are a variety of vital components that would trigger the Company’s precise outcomes to vary materially from these indicated or implied by its forward-looking statements, together with these vital components set forth below the caption “Risk Factors” within the Company’s Annual Report on Form 10-Okay for the interval ended December 31, 2021 and within the Company’s different filings with the Securities and Exchange Commission. Although the Company might elect to take action sooner or later sooner or later, the Company doesn’t assume any obligation to replace any forward-looking statements and it disclaims any intention or obligation to replace or revise any forward-looking assertion, whether or not on account of new data, future occasions or in any other case.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For extra data, go to www.cpiaero.com, and observe us on Twitter @CPIAERO.
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