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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ INTERDEALER
QUOTATION SYSTEM FILED PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
CPI AEROSTRUCTURES, INC.
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(Exact name of issuer as specified in charter)
200A Executive Drive, Edgewood, NY 11717
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(Address of principal executive offices)
Issuer's telephone number, including area code: (516) 586-5200
I. CHANGE IN NUMBER OF OUTSTANDING SHARES
Indicate any change (increase or decrease) of five percent or more in
the number of shares outstanding:
1. Title of security: Common Stock, $.001 par value
2. Number of shares outstanding before the change: 3,728,304
3. Number of shares outstanding after the change: 5,778,304
4. Effective date of change: June 19, 1996
5. Method of change: Issuer issued shares of Common Stock. See Exhibit A.
Brief description of transaction: Issuer issued shares of Common Stock
in the transaction listed on Exhibit A attached hereto.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: Not Applicable
2. Name after change: Not Applicable
3. Effective date of charter amendment changing name: Not Applicable
4. Date of shareholder approval of change, if required: Not Applicable
Date: June 25, 1996
/s/ Theodore J. Martines
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Name: Theodore J. Martines
Title: Executive Vice President
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EXHIBIT A
ATTACHMENT TO FORM 10-C
DATED JUNE 25, 1996
The Issuer issued the following shares of its common stock in the
following transaction:
(i) 2,050,000 shares were issued on June 19, 1996 to accredited investors in
a private placement pursuant to Section 4(6) under the Securities Act of 1933,
as amended, and Regulation D thereunder as a part of 82 Units (the "Units") at
a purchase price per Unit of $25,000, each Unit consisting of 25,000 Common
Shares, $.001 par value per share (the "Common Shares"), and redeemable warrants
(the "Warrants") to purchase 12,500 Common Shares of the Company, at $2.00 per
share.
