Business
Sidus Space Announces Pricing of $100 Million Registered Direct Offering of Class A Common Stock
Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative space and defense technology company, today announced the pricing of a best-efforts registered direct offering of 19,685,039 shares of its Class A common stock (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) at an offering price of $5.08 per share (inclusive of the Pre-funded Warrant exercise price), priced at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the plac
About this update from Sidus Space, Inc.
CAPE CANAVERAL, Fla., May 27, 2026 /PRNewswire/ -- Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative space and defense technology company, today announced the pricing of a best-efforts registered direct offering of 19,685,039 shares of its Class A common stock (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) at an offering price of $5.08 per share (inclusive of the Pre-funded Warrant exercise price), priced at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the placement agent fee and other offering expenses, are expected to be approximately $100 million. All of the shares of Class A common stock and Pre-funded Warrants are being offered by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The offering is expected to close on May 29, 2026, subject to customary closing conditions. ThinkEquity is acting as sole placement agent for the offering. The securities will be 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 will be made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering will be 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 ...