Sidus Space, Inc. Announces Business Update and Public Offering Closing

by · The Markets Daily

Sidus Space, Inc. (NASDAQ: SIDU) revealed significant developments in its recent Form 8-K filing with the Securities and Exchange Commission on November 14, 2024. The innovative space mission enabler disclosed a series of events regarding its business affairs.

In a press release dated the same day, Sidus Space, Inc. unveiled a business update and financial results for the three months concluding on September 30, 2024. The company issued a detailed press release, which is available as Exhibit 99.1 with the Form 8-K.

Moreover, Sidus Space, Inc. announced the successful closure of its underwritten public offering of 5,600,000 shares of its Class A common stock (or pre-funded warrants in lieu thereof). The offering, which was conducted at a public offering price of $1.25 per share, resulted in gross proceeds totaling $7.0 million. The press release concerning this offering is attached as Exhibit 99.2 to the Form 8-K.

The net proceeds from this offering are slated to be utilized for working capital and general corporate purposes. ThinkEquity acted as the exclusive book-running manager for the transaction.

It’s important to note that the information furnished as part of Item 2.02 and Item 8.01 in the Form 8-K, along with the respective press releases, is deemed non-filed material for Section 18 of the Securities Exchange Act of 1934 unless explicitly incorporated by reference.

For more details regarding the public offering, including the registration statement on Form S-1 and final prospectus, interested parties are encouraged to refer to the SEC’s website. The company reaffirmed that the press release does not serve as an offer to sell or a solicitation of an offer to buy stocks.

About Sidus Space, Inc.
Sidus Space, Inc. (NASDAQ: SIDU) is a renowned space mission enabler that offers flexible and cost-effective solutions, such as custom satellite design, payload hosting, and space manufacturing. With a commitment to innovation and top-tier performance, the company caters to government, defense, intelligence, and commercial entities worldwide. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a state-of-the-art space manufacturing facility.

Forward-Looking Statements
Statements within the press release that discuss future expectations, plans, or prospects, constitute forward-looking statements. Sidus Space, Inc. disclaims any obligation to update these statements in light of new information or future events.

For further information, feel free to contact Investor Relations at investorrelations@sidusspace.com or reach out to the Media at press@sidusspace.com.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sidus Space’s 8K filing here.

About Sidus Space

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Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.

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