Public Pricing Offering Announced by Sidus Space
Total Gross Proceeds Are Expected to Be Approximately $25 Million
Sidus Space has announced the pricing of a best-efforts public offering of 19,230,800 shares of its Class A common stock. Each share of Class A common stock is being sold at a public offering price of $1.30 per share. Total gross proceeds are expected to be approximately $25 million, before deducting the placement agent’s fees and offering expenses. All of the shares of Class A common stock are being offered by the Company.
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 (v) working capital and general corporate purposes.
The offering is expected to close on December 24, 2025, 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. 333-273430), 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 will be made only by means of a written prospectus. A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC on its website. 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.
The company cautioned that the press release announcing the pricing “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.”