CPI AEROSTRUCTURES INC
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 5. – Other Information
On May 14, 2025, the Company obtained a waiver from its lenders under the Credit Agreement with respect to noncompliance with certain financial covenants as of March 31, 2025. The covenants relate to minimum debt service coverage, net income, and EBITDA levels. The waiver applies solely to the fiscal quarter ended March 31, 2025, and does not amend or waive compliance with any covenants for future periods. A copy of the waiver is filed as Exhibit 10.1 to this Quarterly Report on Form 10-Q and the Company was not in compliance with these covenants as of the end of the fiscal quarter.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.