Sidus Space plans public offering of Class A common stock

Sidus Space Inc. (NASDAQ: SIDU) announced its intention to conduct a public offering of Class A common stock and pre-funded warrants. The space and defense technology company will sell the securities through a best-efforts offering with ThinkEquity serving as the sole placement agent.

The company plans to use net proceeds from the offering for working capital and general corporate purposes, according to a press release statement.

The securities will be offered under a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on July 26, 2023, and declared effective on August 14, 2023. A preliminary prospectus supplement describing the offering terms has been or will be filed with the SEC.

Based in Cape Canaveral, Florida, Sidus Space provides satellite manufacturing, space-based data solutions, and defense hardware manufacturing services to government, defense, intelligence, and commercial clients. The company operates a 35,000-square-foot manufacturing facility on Florida's Space Coast and has manufactured and operated its own satellite system called LizzieSat.

ThinkEquity, located at 17 State Street in New York, is handling the placement agent duties for the transaction. The offering will be conducted solely through written prospectus materials available through the SEC and the placement agent.

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