Sidus Space, Inc. announced its intention to offer to sell shares of its Class A common stock in a best-efforts public offering.
The net proceeds from the offering will be used for working capital and general corporate purposes.
The offering will be made through a shelf registration statement on Form S-3, as declared effective by the SEC on August 14, 2023.
Public Offering
Sidus Space plans to sell shares of its Class A common stock in a best-efforts public offering, with the proceeds allocated for working capital and general corporate purposes.
Placement Agent
ThinkEquity is acting as the sole placement agent for the offering, facilitating the sale of the Company's securities.
Registration Statement
The securities will be offered and sold under a shelf registration statement on Form S-3, filed with the SEC on July 26, 2023, and declared effective on August 14, 2023.
- Sidus Space aims to enhance its financial position through the public offering, enabling the company to pursue its strategic objectives and operational enhancements.
- The offering indicates a strategic move by Sidus Space to raise capital for future growth opportunities and strengthen its market position.
The announcement of the proposed public offering signifies Sidus Space's proactive approach to capitalize on market opportunities and bolster its financial capabilities for future endeavors.