Sidus Space (SIDU) announced the pricing of an underwritten public offering of 5.6M shares of its Class A common stock. Each share of Class A common stock is being sold at a public offering price of $1.25 per share for gross proceeds of $7M, before deducting underwriting discounts and offering expenses. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. The offering is expected to close on November 14, subject to customary closing conditions. ThinkEquity is acting as sole book-running manager for the offering.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIDU:
- Sidus Space to build 1st gen of data storage spacecraft for Lonestar, no terms
- Sidus Space announces communication upgrade for LizzieSat platform
- Sidus clears design review for Netherlands laser comm satellite
- Sidus Space files to sell 3.75M shares of Class A common stock, warrants
- Sidus Space gets FCC approval for expanded on-orbit presence