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CAPE CANAVERAL, Fla. – Sidus Space, Inc. (NASDAQ: SIDU), a space and data-as-a-service company, announces plans for an underwritten public offering of Class A common stock, with the possibility of being pre-funded. there is. warrant. As stated in a recent announcement, all shares and warrants will be sold by Sidas itself.
The sole bookrunning manager for this product is financial services firm ThinkEquity. In addition to the planned sale, Cydus Space intends to provide ThinkEquity with an option to purchase up to an additional 15% of its shares or warrants to cover any potential over-allotments. This option is valid for 45 days after offer.
Completion of the offering is subject to market conditions and there is uncertainty as to the timeline for completion and the final terms and size of the offering.
Cydus intends to allocate the net proceeds from this offering for working capital and general corporate purposes.
The shares and warrants are being offered pursuant to a shelf registration statement filed with the Securities and Exchange Commission (SEC) on July 26, 2023 and declared effective on August 14, 2023. This offering is made strictly by prospectus and is accompanied by a preliminary prospectus. The supplement and accompanying prospectus are available on the SEC's website and from ThinkEquity's offices in New York.
Sidus Space operates out of Cape Canaveral, Florida and provides a wide range of services including hardware manufacturing, engineering, satellite design, production, launch planning, mission operations, and on-orbit support. The company's products span his four business divisions and aim to provide comprehensive satellite solutions from concept to low Earth orbit.
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