Sidus Space Announces Pricing of Public Offering
29 Febrero 2024 - 7:00PM
Business Wire
Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), a
multi-faceted Space and Data-as-a-Service company, today announced
the pricing of an underwritten public offering of 1,321,000 shares
of its Class A common stock. Each share of Class A common stock is
being sold at a public offering price of $6.00 per share for gross
proceeds of approximately $7.9 million, before deducting
underwriting discounts and offering expenses. All of the shares of
common stock are being offered by the Company.
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 March 5, 2024, subject to
customary closing conditions.
ThinkEquity is acting as sole book-running manager for the
offering.
The securities will be offered and sold pursuant to a shelf
registration statement on Form S-3 (File No. 333-273430), including
a base prospectus, filed with the U.S. Securities and Exchange
Commission (the “SEC”) on July 26, 2023 and declared effective on
August 14, 2023. The offering will be made only by means of a
written prospectus. A preliminary prospectus supplement and
accompanying prospectus describing the terms of the offering has
been filed with the SEC on its website at www.sec.gov. A final
prospectus supplement and accompanying prospectus related to the
offering will be filed with the SEC and made available on the SEC’s
website. Copies of the final prospectus supplement and the
accompanying prospectus relating to the offering may also be
obtained, when available, from the offices of ThinkEquity, 17 State
Street, 41st Floor, New York, New York 10004.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted 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. More than just a
“Satellite-as-a-Service” provider, Sidus Space’s products and
services are offered through its four business units: Space and
Defense Hardware Manufacturing, Satellite Manufacturing and Payload
Integration, Space-Based Data Solutions, and AI/ML Products and
Services to support customers 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 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, Managing Director KCSA
Strategic Communications sidus@kcsa.com (212) 896-1254
Media press@sidusspace.com
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