CAPE CANAVERAL - Sidus Space, Inc. (NASDAQ: SIDU), a Space and Data-as-a-Service company, has announced a public offering of 1,321,000 shares of its Class A common stock at a price of $6.00 per share. The offering aims to raise approximately $7.9 million before deductions for underwriting discounts and offering expenses.
The company has expressed its intention to allocate the net proceeds towards working capital and general corporate purposes.
The offering, which is subject to standard closing conditions, is expected to be finalized by March 5, 2024. ThinkEquity is the sole book-running manager for the transaction.
Investors can access details of the offering through a preliminary prospectus supplement and accompanying prospectus filed with the U.S. Securities and Exchange Commission (SEC). These documents are available on the SEC\'s website. Furthermore, upon availability, the final prospectus supplement and accompanying prospectus can be obtained from ThinkEquity\'s New York office.
Sidus Space, headquartered in Cape Canaveral, Florida, operates a 35,000-square-foot facility dedicated to providing vertically integrated Space-as-a-Service solutions.
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