Sidus Space Closes $100 Million Stock Offering

May 30, 2026
Sidus Space has completed a $100 million offering of Class A common stock and pre-funded warrants, with proceeds intended for working capital and corporate purposes.

Sidus Space announced in a press release the completion of its previously disclosed best efforts offering of 19,685,039 shares of Class A common stock, or pre-funded warrants in lieu of shares. Each share or warrant was sold at $5.08 per unit, generating approximately $100 million in gross proceeds before fees and expenses.

The company stated that all securities in the offering were sold by Sidus Space, with ThinkEquity serving as the sole placement agent. The offering was made under a shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission and declared effective in February 2026.

Sidus Space plans to use the net proceeds from the transaction for working capital and general corporate purposes. The company operates a 35,000 square foot manufacturing and testing facility on Florida's Space Coast, supporting satellite production, mission management, and AI based data solutions for government and commercial clients.

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