Sidus Space prices $100 million stock offering at $5.08 per share

Sidus Space Inc. (NASDAQ: SIDU) announced the pricing of a registered direct offering of 19,685,039 shares of Class A common stock at $5.08 per share, according to a company statement. The space and defense technology company expects to raise approximately $100 million in gross proceeds before deducting placement agent fees and other offering expenses.

The offering includes pre-funded warrants available in lieu of common stock shares at the same pricing. All securities are being offered by the company under a best-efforts arrangement priced at-the-market under Nasdaq rules.

The company plans to use net proceeds for working capital and general corporate purposes. The offering is expected to close on May 29, 2026, subject to customary closing conditions.

ThinkEquity is serving as the sole placement agent for the transaction. 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, 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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