CPI AeroStructures Files 8-K on Material Agreements

TL;DR

CPI AeroStructures filed an 8-K on Dec 12, 2025, about new and terminated deals. Big changes coming.

AI Summary

On December 12, 2025, CPI AEROSTRUCTURES, INC. filed an 8-K report detailing the entry into and termination of material definitive agreements. The filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of these agreements and obligations are not provided in this summary.

Why It Matters

This filing signals significant changes in CPI AeroStructures' contractual and financial commitments, which could impact its operational and financial standing.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements were entered into and terminated, along with new financial obligations, suggesting potential shifts in the company's business and financial structure.

Key Players & Entities

• CPI AEROSTRUCTURES, INC. (company) — Registrant
• December 12, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common stock, $0.001 par value per share CVU NYSE Americ
• $10,000,000 — edit in the maximum principal amount of $10,000,000 (the " Revolving Line ") and a term loa
• $100,000 — closing fee at closing in the amount of $100,000, less $15,000 previously paid to the Ba
• $15,000 — closing in the amount of $100,000, less $15,000 previously paid to the Bank. The Compa
• $6,220,722.34 — in the approximate principal amount of $6,220,722.34 was used on the Closing Date to repay i

Filing Documents

• cvu-8k_121225.htm (8-K) — 32KB
• ex10-1.htm (EX-10.1) — 352KB
• ex10-2.htm (EX-10.2) — 86KB
• 0001999371-25-020225.txt ( ) — 734KB
• cvu-20251212.xsd (EX-101.SCH) — 3KB
• cvu-20251212_lab.xml (EX-101.LAB) — 33KB
• cvu-20251212_pre.xml (EX-101.PRE) — 22KB
• cvu-8k_121225_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 12, 2025, CPI Aerostructures, Inc. (the " Company ") entered into a Loan and Security Agreement (the " Loan Agreement ") with Western Alliance Bank (the " Bank "). The Loan Agreement provides for a revolving line of credit in the maximum principal amount of $10,000,000 (the " Revolving Line ") and a term loan in the original principal amount of $10,000,000 (the " Term Loan " and, together with the Revolving Line, the " Credit Facilities "). Welding Metallurgy, Inc. (" WMI "), the Company's direct wholly owned subsidiary, and Compac Development Corporation (" Compac "), a wholly owned subsidiary of WMI, have guaranteed the Company's obligations under the Loan Agreement. Borrowings under the Credit Facilities bear interest at a variable rate equal to the 1-month Term SOFR (subject to a 0% floor) plus an applicable margin as set forth in the Loan Agreement. During the continuance of an event of default, all outstanding obligations bear interest at a rate equal to 5% above the rate otherwise applicable. The Credit Facilities mature on December 12, 2030. The Term Loan was funded in full on the closing date and is repayable in scheduled quarterly installments beginning on April 5, 2026, with the remaining principal balance due on the maturity date. Borrowings under the Revolving Line may be made, repaid and reborrowed from time to time before the maturity date, subject to the other conditions set forth in the Loan Agreement. Voluntary prepayments of the Credit Facilities are permitted at any time without premium or penalty, other than customary breakage amounts, and the Loan Agreement requires mandatory prepayments in certain circumstances. The Loan Agreement requires the Company to pay an unused commitment fee equal to 0.40% per annum on the unused portion of the Revolving Line and to pay fees and charges in connection with any letters of credit and any cash management services provided by the Bank an

02. Termination of a Material Definitive Agreement

Item 1.02. Termination of a Material Definitive Agreement. On December 12, 2025, in connection with entering into the Loan Agreement and the Credit Facilities described in Item 1.01 of this Current Report on Form 8-K, the Company repaid in full all outstanding obligations under that certain Amended and Restated Credit Agreement, dated as of March 24, 2016, as amended, among the Company, the several lenders from time to time parties thereto and BankUnited, N.A., as sole arranger, administrative agent and collateral agent (the " BankUnited Credit Agreement "). Upon such repayment, the BankUnited Credit Agreement and the related loan documents were terminated in accordance with their terms, and all liens and security interests securing the obligations thereunder were released. The Company did not incur any early termination or prepayment penalties in connection with the termination of the BankUnited Credit Agreement.

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03. On December 12, 2025, the Company became obligated for direct financial obligations under the Credit Facilities described in Item 1.01, including the Term Loan in the principal amount of $10,000,000 and the borrowings under the Revolving Line used, among other things, to repay in full the obligations outstanding under the BankUnited Credit Agreement.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Description 10.1* Loan and Security Agreement, dated as of December 12, 2025, by and between CPI Aerostructures, Inc., and Western Alliance Bank. 10.2 Form of Guaranty, dated as of December 12, 2025, made by each of Welding Metallurgy, Inc. and Compac 2Development Corporation in favor of Western Alliance Bank. 104** Cover Page Interactive Data File (embedded within the Inline XBRL document) Filed herewith. Certain exhibits and schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish supplementally a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon its request. ** Furnished herewith. 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: December 12, 2025 CPI AEROSTRUCTURES, INC. By: /s/ Dorith Hakim Dorith Hakim Chief Executive Officer

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View this 8-K filing on SEC EDGAR