Sidus Space prices $58.5 million stock offering at $4.35 per share

Sidus Space Inc. (NASDAQ: SIDU) announced the pricing of a registered direct offering of 13,453,700 shares of Class A common stock at $4.35 per share, generating gross proceeds of approximately $58.5 million before fees and expenses.

The space and defense technology company said it will use the net proceeds for working capital and general corporate purposes. The offering includes pre-funded warrants available in lieu of common stock shares at the same price point.

ThinkEquity serves as the sole placement agent for the transaction. The offering is expected to close on April 21, 2026, subject to customary closing conditions.

The securities are being offered under a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on January 20, 2026, and declared effective on February 4, 2026.

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

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