Sidus Space Raises $100M Selling 19.7M Shares at $5.08
SIDU•Sidus Space closed its best‐efforts offering of 19,685,039 Class A shares (or pre‐funded warrants) at $5.08 each, raising gross proceeds of approximately $100 million. Net proceeds will fund working capital and general corporate purposes.
1. Offering Details
Sidus Space offered 19,685,039 shares of Class A common stock or pre‐funded warrants at an offering price of $5.08 per share, generating gross proceeds of approximately $100 million before placement agent fees and expenses.
2. Use of Proceeds
The company intends to use the net proceeds from the offering for working capital and general corporate purposes, enhancing financial flexibility for its space and defense technology initiatives.
3. Placement Agent and Registration
ThinkEquity acted as the sole placement agent for the transaction, and the securities were offered under a shelf registration statement on Form S-3 declared effective February 4, 2026, with a final prospectus supplement filed with the SEC.
