Sidus Space Prices $100 Million Stock Offering; Shares Down Pre-Bell

MT Newswires Live

05/28

Sidus Space (SIDU) priced a best-efforts direct offering of 19.7 million class A common shares at $5.08 each for about $100 million in expected gross proceeds, the company said late Wednesday.

The company expects the offering to close Friday and plans to use the net proceeds for working capital and general corporate purposes.

Sidus shares were down 13% in premarket activity Thursday.

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