Business
Sidus Space Announces Closing of Public Offering
Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 10,800,000 shares of its Class A common stock. Each share of Class A common stock was sold at an offering price of $1.50 per share for gross proceeds of approximately $16.2 million, before deducting the placement agent's fees and offering expenses. All of the shares of Class A common stock were offered by
About this update from Sidus Space, Inc.
[{"type":"text","content":"CAPE CANAVERAL, Fla., Dec. 29, 2025 /PRNewswire/ -- Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 10,800,000 shares of its Class A common stock. Each share of Class A common stock was sold at an offering price of $1.50 per share for gross proceeds of approximately $16.2 million, before deducting the placement agent's fees and offering expenses. All of the shares of Class A common stock were offered by the Company.","length":589,"tagName":"p"},{"type":"image","alt":"2026 Sidus Logo with Tag (PRNewsfoto/Sidus Space)","displaySize":"","headline":null,"caption":"2026 Sidus Logo with Tag (PRNewsfoto/Sidus Space)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":191,"url":"https://media.zenfs.com/en/prnewswire.com/0da24b7dfa45072d7ed0048d9f7f5ab5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZjKluZl53ogSKSF7jM_Ciw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0da24b7dfa45072d7ed0048d9f7f5ab5","width":400,"height":191}},"href":"https://mma.prnewswire.com/media/2850474/2026_Stacked_SpaceAccess_Dark_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company intends to use the net proceeds from the offering for (i) sales and marketing, (ii) operational costs, (iii) product development, (iv) manufacturing expansion and (iv) working capital and general corporate purposes.","length":227,"tagName":"p"},{"type":"text","content":"ThinkEquity acted as sole placement agent for the offering.","length":59,"tagName":"p"},{"type":"text","content":"The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-273430), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 26, 2023 and declared effective on August 14, 2023. The offering was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and made available on the SEC's website. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when availa...