Sidus Space Prices 10.8M Shares at $1.50, Raising $16.2M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Funding Scale: Sidus Space announced the pricing of 10.8 million shares of Class A common stock at $1.50 per share, expecting total gross proceeds of approximately $16.2 million, which will be utilized for working capital and general corporate purposes, thereby enhancing the company's financial flexibility.
- Underwriting Arrangement: The offering is being managed by ThinkEquity as the sole placement agent and is expected to close on December 29, 2025, marking a significant step in the company's capital market expansion and enhancing its competitiveness in the aerospace and defense sectors.
- Registration Statement: The securities are being offered under a shelf registration statement on Form S-3 filed on July 26, 2023, which became effective on August 14, 2023, ensuring compliance and laying the groundwork for future financing activities.
- Market Outlook: As an innovative space and defense technology company, Sidus Space is committed to providing flexible and cost-effective solutions, and this funding is anticipated to support its ongoing innovation and business expansion in the rapidly evolving aerospace market.
SIDU
$1.93+Infinity%1D
Analyst Views on SIDU
About SIDU
Sidus Space, Inc. is a space mission enabler providing solutions, including custom satellite design, payload hosting, mission management, artificial intelligence (AI)-enhanced space-based sensor data-as-a-service and space manufacturing. Its flight modular satellite, LizzieSat is a 3D printed, multi-sensor, multi-mission satellite, offering a platform that can be adapted to integrate new technologies or customized and scaled to create a new satellite design to meet mission requirements. It also offers fully customized satellite design services for any mission in Leo, Geo, Cislunar or Lunar. It offers AI-enhanced Data-as-a-Service, utilizing the Orlaith AI ecosystem, which includes its FeatherEdge AI processor and Cielo AI solutions from space, on the LizzieSat platform to deliver data insights from space. Its 3D printing capabilities include functional prototypes and models, and production parts. It serves government, defense, intelligence and commercial companies around the globe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
