Sidus Space (NASDAQ: SIDU), a space and defense technology company, announced the pricing of a best-efforts registered direct offering of 19,685,039 shares of Class A common stock, or pre-funded warrants in lieu thereof, at a price of $5.08 per share. The offering is expected to generate approximately $100 million in gross proceeds before fees and expenses and is priced at-the-market under Nasdaq rules. The company said it intends to use the net proceeds for working capital and general corporate purposes, with the transaction expected to close on May 29, 2026, subject to customary closing conditions. ThinkEquity is serving as sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/YeYyp
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. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities.
For more information, visit: https://www.sidusspace.com
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