Sidus Space Announces Closing of Public Offering
02 February 2024 - 8:05AM
Business Wire
Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), a
multi-faceted Space and Data-as-a-Service company, today announced
the closing of its previously announced public offering of
1,251,700 shares of its Class A common stock (or pre-funded
warrants (“Pre-funded Warrants”) in lieu thereof) at a public
offering price of $4.50 per share (inclusive of the Pre-funded
Warrant exercise price) per share, for gross proceeds of
$5,632,650, before deducting underwriting discounts and offering
expenses.
The Company intends to use the proceeds from the offering for
working capital and general corporate purposes.
ThinkEquity acted as sole book-running manager for the
offering.
The offering is being made pursuant to an effective shelf
registration statement that has been filed with the U.S. Securities
and Exchange Commission (the “SEC”). The final prospectus
supplement relating to the offering was filed with the SEC and is
available on the SEC's website at http://www.sec.gov. Copies of the
final prospectus supplement and the accompanying prospectus
relating to the offering may be obtained from ThinkEquity, 17 State
Street, 41st Floor, New York, New York 10004 Attention: Prospectus
Department.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a Space and Data-as-a-Service
satellite company focused on mission-critical hardware
manufacturing; multi-disciplinary engineering services; satellite
design, production, launch planning, mission operations; and
in-orbit support. The Company is in Cape Canaveral, Florida, where
it operates from a 35,000-square-foot manufacturing, assembly,
integration, and testing facility focused on vertically integrated
Space-as-a-Service solutions including end-to-end satellite
support.
Sidus Space has a mission of Bringing Space Down to Earth™ and a
vision of enabling space flight heritage status for new
technologies while delivering data and predictive analytics to
domestic and global customers. Any corporation, industry, or
vertical can start their journey off-planet with Sidus Space’s
rapidly scalable, low-cost satellite services, space-based
solutions, and testing alternatives. More than just a
"Satellite-as-a-Service" provider, Sidus Space is a trusted Mission
Partner–from concept to Low Earth Orbit and beyond. Sidus Space is
ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
‘forward-looking statements’ within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the expected trading
commencement and closing dates. The words ‘anticipate,’ ‘believe,’
‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’
‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’
‘would’ and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the
uncertainties related to market conditions and other factors
described more fully in the section entitled ‘Risk Factors’ in
Sidus Space’s preliminary prospectus supplement and Annual Report
on Form 10-K for the year ended December 31, 2022, and other
periodic reports filed with the Securities and Exchange Commission.
Any forward-looking statements contained in this press release
speak only as of the date hereof, and Sidus Space, Inc.
specifically disclaims any obligation to update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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Investor Relations Valter Pinto KCSA Strategic
Communications sidus@kcsa.com (212) 896-1254
Media Pam Davis Sidus Space Mediateam@sidusspace.com
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