Sidus Space, Inc. (Nasdaq: SIDU) intends to offer shares of its Class A common stock in a best-efforts public offering.
The net proceeds will be used for working capital and general corporate purposes.
The offering will be made under a shelf registration statement on Form S-3 (File No. 333-273430) declared effective on August 14, 2023.
Offering Details
Shares of Class A common stock to be sold by the Company with ThinkEquity as the sole placement agent.
Use of Proceeds
Net proceeds will be utilized for working capital and general corporate purposes.
Offering Documentation
Offering will be made using a written prospectus filed with the SEC on www.sec.gov.
Forward-looking Statements
Cautionary statements about future expectations and factors affecting trading outcomes.
- Sidus Space focuses on space and defense technology, offering innovative solutions and committing to rapid innovation.
- The proposed offering highlights the Company's commitment to enhancing its space access capabilities and expanding its services.
Sidus Space's proposed public offering signifies a strategic move to raise capital for further growth and development in the space and defense technology sector.