Sidus Space Inc. (Nasdaq: SIDU), a leading space and defense technology company, has announced a public offering of 7,143,000 shares of its Class A common stock. Priced at $1.05 per share, the offering is set to raise approximately $7.5 million in gross proceeds, prior to the deduction of placement agent fees and offering expenses. The company plans to utilize the net proceeds for working capital and general corporate purposes. The offering is anticipated to close on July 29, 2025, contingent upon customary closing conditions. ThinkEquity is serving as the sole placement agent for this offering.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.