Business
Sidus Space : Announces Closing of Offering
Sidus Space : Announces Closing of
About this update from Sidus Space, Inc.
Sidus Space Announces Closing of Offering May 29, 2026 4:01pm EDT Download as PDFCAPE CANAVERAL, Fla., May 29, 2026 /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 19,685,039 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 an offering price of $5.08 per share (inclusive of the Pre-funded Warrant exercise price) for gross proceeds of approximately $100 million, before deducting the placement agent's fees and offering expenses. All of the shares of Class A common stock and Pre-funded Warrants were offered by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. ThinkEquity acted as sole placement agent for the offering. The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-292839), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on January 20, 2026, and declared effective on February 4, 2026. 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 available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Sidus Space Sidus Space, Inc. (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing....