Innovative Solutions and Support, Inc. (NasdaqGS:ISSC) is looking for M&A. Shahram Askarpour, CEO said, "On the inorganic side, we are actively seeking opportunities for M&A and have been working diligently to develop a robust pipeline. During the quarter, we made improvement, important progress by obtaining shareholder approval to amend our articles of incorporation. This strategic action will enable us to secure the financing needed to implement a more aggressive M&A program and execute to our long-term goals.

To this end, we are currently working closely with our banking team to evaluate the best structures for our needs, and we plan to keep our investors informed of our progress in upcoming quarters. In our M&A program, we are focused on identifying and acquiring complementary products and technologies to our existing portfolio. We are targeting smaller bolt-on acquisitions that are under $25 million.

Our goal is to expand our portfolio and fill capacity in our facility and we believe that these targeted acquisitions will allow us to do so efficiently and effectively. We are constantly evaluating potential acquisitions, targets and look forward to providing incremental updates in the coming quarters".