Sidus Space (SIDU) Closes $7M Share Offering

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Go back to Sidus Space (SIDU) Closes $7M Share Offering

Sidus Space Announces Closing of $7.0 Million Public Offering

November 14, 2024 4:30 PM EST

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)-- Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative, agile space mission enabler, today announced the closing of its previously announced underwritten public offering of 5,600,000 shares of its Class A common stock (or pre-funded warrants (Pre-funded Warrants in lieu thereof). Each share of Class A common stock (or Pre-funded Warrant) was sold at a public offering price of $1.25 per share (inclusive of the Pre-funded Warrant exercise price) for gross proceeds of $7.0 million, before deducting underwriting discounts and offering expenses.

The Company intends to... More