Sidus Space, Inc., a space mission enabler, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on October 15, 2024, for a public offering of up to 3,745,318 shares of Class A common stock and an equal number of Pre-Funded Warrants to purchase shares of Class A common stock. The offering is being conducted on a firm commitment basis with ThinkEquity acting as the representative of the underwriters. The Pre-Funded Warrants are immediately exercisable at an exercise price of $0.0001 per share until fully exercised. The offering includes an over-allotment option granted to the underwriters, allowing them to purchase additional shares and/or Pre-Funded Warrants up to 15% of the total number offered. The proceeds from...Show More

Sidus Space, Inc., a space mission enabler, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on October 15, 2024, for a public offering of up to 3,745,318 shares of Class A common stock and an equal number of Pre-Funded Warrants to purchase shares of Class A common stock. The offering is being conducted on a firm commitment basis with ThinkEquity acting as the representative of the underwriters. The Pre-Funded Warrants are immediately exercisable at an exercise price of $0.0001 per share until fully exercised. The offering includes an over-allotment option granted to the underwriters, allowing them to purchase additional shares and/or Pre-Funded Warrants up to 15% of the total number offered. The proceeds from the offering are intended for sales and marketing, operational costs, product development, manufacturing expansion, working capital, and other general corporate purposes. Sidus Space has also agreed to certain lock-up agreements restricting the sale of shares post-offering and has granted the underwriters a right of first refusal for future equity and debt offerings. The Class A common stock is listed on The Nasdaq Capital Market under the symbol 'SIDU', while there is no established trading market for the Pre-Funded Warrants.