InvestmentMay 28, 2026, 04:24 PM
Sidus Space Prices $100M Registered Direct Offering
AI Summary
Sidus Space Inc. announced the pricing of a registered direct offering expected to generate approximately $100 million in gross proceeds. The offering includes 16,485,038 shares of Class A common stock at $5.08 per share and pre-funded warrants for up to 3,200,001 shares at $5.0799 per warrant. The company intends to use the net proceeds for working capital and general corporate purposes, with the closing anticipated on May 29, 2026. ThinkEquity LLC is serving as the placement agent, receiving a 6.5% cash fee and warrants to purchase 984,252 shares.
Key Highlights
- Sidus Space priced a registered direct offering to raise approximately $100 million in gross proceeds.
- The offering includes 16,485,038 shares of Class A common stock at $5.08 per share.
- Pre-funded warrants to purchase up to 3,200,001 shares were offered at $5.0799 per warrant.
- ThinkEquity LLC is acting as the sole placement agent, receiving a 6.5% cash fee.
- The company will issue Placement Agent Warrants to purchase up to 984,252 shares at $6.35 per share.
- Net proceeds will be used for working capital and general corporate purposes.
- The offering is expected to close on May 29, 2026.
Price Impact
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