Sidus Space, Inc. recently disclosed the pricing details of a best-efforts offering involving 10,800,000 shares of its Class A common stock, priced at $1.50 per share. The offering is expected to generate around $16.2 million in total gross proceeds, before deducting fees and expenses. The company has outlined its intention to use the net proceeds to support its working capital needs and general corporate activities.
Offering Details
The offering comprises 10,800,000 shares of Class A common stock priced at $1.50 per share, poised to yield gross proceeds of $16.2 million.
Use of Proceeds
Net proceeds from the offering are earmarked for bolstering working capital and financing general corporate purposes.
Closing Date
The offering is scheduled to conclude on December 29, 2025, pending the fulfillment of closing conditions.
- The successful pricing of this offering reflects a strong vote of confidence from investors in Sidus Space's growth prospects and strategic direction.
- By allocating the raised capital towards working capital and general corporate needs, Sidus Space demonstrates prudent financial management and a strategic approach to sustaining business operations.
Sidus Space's announcement of the pricing of the offering is a strategic maneuver aimed at fortifying the company's financial position and facilitating its ongoing business endeavors.