Sidus Space Prices Public Offering of 19.23 Million Shares, Raising $25 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Public Offering Pricing: Sidus Space announced the pricing of 19,230,800 shares of Class A common stock at $1.30 per share, with total gross proceeds expected to be approximately $25 million, reflecting the company's proactive financing strategy in the capital markets.
- Diverse Use of Proceeds: The net proceeds from this offering will be allocated towards sales and marketing, operational costs, product development, manufacturing expansion, and general corporate purposes, aimed at enhancing the company's market competitiveness and operational capabilities.
- Closing Timeline: The offering is expected to close on December 24, 2025, subject to customary closing conditions, ensuring timely access to funds to support the company's strategic objectives.
- Underwriter Role: ThinkEquity is acting as the sole placement agent for this offering, indicating professional support in the capital markets and further boosting investor confidence in Sidus Space.
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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.
