Sidus Space prices public offering at $1.30 per share

Sidus Space Inc. (NASDAQ: SIDU) announced the pricing of a public offering of 19,230,800 shares of Class A common stock at $1.30 per share. The space and defense technology company expects to raise approximately $25 million in gross proceeds before fees and expenses.

The offering is structured as a best-efforts arrangement with ThinkEquity serving as the sole placement agent. The transaction is expected to close on December 24, 2025, subject to customary closing conditions.

Sidus Space stated it intends to use the net proceeds for sales and marketing, operational costs, product development, manufacturing expansion, and working capital and general corporate purposes.

The securities are being offered under a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on July 26, 2023, and declared effective on August 14, 2023. A preliminary prospectus supplement has been filed with the SEC, with a final prospectus supplement to follow.

Cape Canaveral, Florida-based Sidus Space operates in satellite manufacturing, space-based data solutions, and defense hardware manufacturing. The company operates a 35,000-square-foot manufacturing facility on Florida's Space Coast.

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