Sidus Space Announces Pricing of Public Offering

09/14/2025 – 06:48 PM

CAPE CANAVERAL, Fla. – Sidus Space (SIDU), a company focusing on space and defense technologies, announced the pricing of its public offering of 9.8 million shares of Class A common stock at $1.00 per share. The company anticipates gross proceeds of $9.8 million before deducting fees and expenses.

According to the official statement, Sidus Space plans to allocate the net proceeds from this offering towards bolstering its working capital and for general corporate expenditures. The offering is slated to conclude on September 16, 2025, pending standard closing conditions. ThinkEquity is the sole placement agent for the offering.

The offering is being conducted under a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC). Interested parties should consult the prospectus and accompanying prospectus supplement filed with the SEC for complete details, accessible on the SEC’s website. Copies can also be obtained from ThinkEquity’s offices in New York.

This announcement should not be interpreted as an offer to sell or a solicitation to buy securities in any jurisdiction where such actions are unlawful prior to registration or qualification under local securities laws.

Sidus Space: A Deeper Look

Sidus Space aims to provide cost-effective space and defense solutions, including satellite manufacturing, AI-driven data solutions, and hardware manufacturing. The company emphasizes its commitment to innovation and optimization of space systems. Their developed satellite and sensor system, LizzieSat, provides services to government, defense, intelligence, and commercial entities globally. Headquartered on Florida’s Space Coast, Sidus Space has a 35,000-square-foot facility facilitating manufacturing and testing, offering proximity to launch facilities.

Financial Strategy and Market Positioning

This capital raise arrives as Sidus Space navigates an industry characterized by high upfront costs and long development cycles. The injection of $9.8 million aims to provide operational flexibility, supporting ongoing projects and potentially enabling strategic investments in technology development.

The space technology sector is witnessing increased competition from both established players and emerging startups. Sidus Space needs to demonstrate clear differentiation through technological innovation and service offerings to maintain its standing. The funds raised in this offering will play a critical role in enabling Sidus Space to execute its strategic vision.

Forward-Looking Statements and Risk Factors

This communication contains forward-looking statements, including those regarding the expected closing date. Factors that could cause actual results to vary significantly include market conditions and risks outlined in Sidus Space’s filings with the SEC. The company disclaims any obligation to update these forward-looking statements.

Source: Sidus Space, Inc.