Sidus Space (NASDAQ: SIDU), a “Space-as-a-Service” satellite company, recently announced the closing of its underwritten public offering of 17,250,000 shares of its Class A common stock (or pre-funded warrants in lieu thereof), which included the full exercise of the underwriters’ over-allotment option. Each share of Class A common stock was sold to the public at a price of $0.30. Sidus Space secured approximately $5.2 million in gross proceeds from the offering and intends to use the net proceeds for sales and marketing, operational costs, product development, manufacturing expansion and for working capital and other general corporate purposes. Boustead Securities LLC and EF Hutton, division of Benchmark Investments LLC, acted as the representatives of the underwriters for the offering.

To view the full press release, visit https://ibn.fm/QjHGg

About Sidus Space

Sidus Space, located in Cape Canaveral, Florida, operates from a 35,000-square-foot manufacturing, assembly, integration and testing facility focused on commercial satellite design, manufacture, launch and data collection. The company’s rich heritage includes the design and manufacture of many flight and ground component parts and systems for various space-related customers and programs. Sidus Space has a broad range of “Space-as-a-Service” offerings including space-rated hardware manufacturing, design engineering, satellite manufacturing and platform development, launch and support services, data analytics services and satellite constellation management. Sidus Space has a mission of Bringing Space Down to Earth(TM) and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Any corporation, industry or vertical can start their journey off-planet with Sidus Space’s rapidly scalable, low-cost satellite services, space-based solutions and testing alternatives. More than just a “Satellite-as-a-Service” provider, Sidus Space is a trusted mission partner–from concept to low Earth orbit and beyond. Sidus is ISO 9001:2015, AS9100 Rev. D certified and ITAR registered. For more information about the company, visit www.SidusSpace.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.