Sidus Space Closes $58.5M Offering of 13.45M Shares at $4.35
Sidus Space sold 13,453,700 Class A shares and pre-funded warrants at $4.35 each, raising approximately $58.5 million before fees. The company plans to deploy net proceeds for working capital and general corporate purposes.
1. Offering Overview
Sidus Space completed a best-efforts offering of 13,453,700 Class A common shares and pre-funded warrants at $4.35 per unit, generating gross proceeds of approximately $58.5 million before placement agent fees and offering expenses.
2. Use of Proceeds
The company intends to allocate net proceeds toward working capital and general corporate purposes to support ongoing operations and strategic initiatives.
3. Offering Structure
The securities were issued under a shelf registration statement on Form S-3 declared effective February 4, 2026, with ThinkEquity acting as sole placement agent.