Sidus Space Announces Closing of Public Offering

Rhea-AI Summary

Sidus Space (Nasdaq: SIDU) announced the closing of a best-efforts public offering of 10,800,000 shares of Class A common stock at $1.50 per share, generating approximately $16.2 million in gross proceeds on Dec 29, 2025. ThinkEquity acted as sole placement agent.

The company intends to use net proceeds for sales and marketing, operational costs, product development, manufacturing expansion, and working capital and general corporate purposes. The securities were offered under an effective Form S-3 shelf registration (File No. 333-273430) with a final prospectus supplement filed with the SEC.

Positive

• 10,800,000 shares issued in the offering
• Gross proceeds of approximately $16.2 million
• Proceeds earmarked for product development and manufacturing expansion

Negative

• Issuance of 10,800,000 shares increases outstanding share count and may dilute existing holders
• Gross proceeds are reported before placement agent fees and offering expenses

Key Figures

Shares offered 10,800,000 shares Best-efforts Class A common stock offering

Offering price $1.50 per share Pricing for this public offering

Gross proceeds $16.2 million Gross proceeds before fees and expenses

Current price $1.93 Pre-news price vs. offering price $1.50

52-week range $0.6278–$6.75 Stock trading 71.41% below 52-week high

Market cap $119,852,223 Equity value prior to this offering close

Market Reality Check

$2.56 Last Close

Volume Volume 194,973,922 is 4.69x the 20-day average 41,540,915, indicating elevated trading interest ahead of this offering update. high

Technical Price at $1.93 is trading above the 200-day MA of $1.34 despite recent weakness.

Peers on Argus

SIDU fell 12.27% while peers were mixed: CVU gained 3.02%, others like SIF and PRZO declined 10.25% and 5.92%. The move appears company-specific rather than a broad aerospace & defense shift.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 26	Offering pricing	Negative	-12.3%	Priced 10.8M-share best-efforts offering at $1.50 for ~$16.2M.
Dec 24	Offering closing	Negative	+33.3%	Closed 19.23M-share offering at $1.30 raising ~$25M gross.
Dec 22	Offering pricing	Negative	+97.4%	Priced 19.23M-share best-efforts deal at $1.30 for ~$25M.
Dec 22	Proposed offering	Negative	+97.4%	Announced intention to conduct best-efforts equity offering.
Dec 22	Defense contract	Positive	+97.4%	Named awardee under SHIELD IDIQ with $151B total program ceiling.

Pattern Detected

Equity offerings have produced mixed reactions: some prior deals saw strong gains, but the most recent pricing update on Dec 26 coincided with a -12.27% drop, showing inconsistent responses to dilution news.

Recent Company History

Over the past weeks, Sidus Space has repeatedly tapped equity markets through best‑efforts public offerings, including 19,230,800 shares at $1.30 and a later 10,800,000-share deal at $1.50. These financings followed a contract award under the Missile Defense Agency’s SHIELD IDIQ program with a $151 billion ceiling. Today’s closing announcement finalizes the most recent raise, continuing the pattern of capital formation highlighted in late December.

Market Pulse Summary

This announcement confirms the closing of a 10,800,000-share public offering at $1.50 per share for gross proceeds of about $16.2 million. It extends a string of recent financings following earlier December deals. Historical reactions to similar offerings have been mixed, ranging from double‑digit declines to sharp rallies. Investors may watch how the company applies new capital to operations and how future funding choices affect existing shareholders.

Key Terms

best-efforts offering financial

"closing of its previously announced best-efforts offering of 10,800,000 shares"

A best-efforts offering is a way of selling new securities where the broker or underwriter agrees to try to sell as many shares or bonds as possible but does not promise to buy any unsold portion. For investors, it matters because the issuer bears the risk of weak demand — the deal may raise less money or the price may be more volatile, similar to hiring a salesperson who will try hard to sell your goods but won’t guarantee any specific sales.

placement agent financial

"ThinkEquity acted as sole placement agent for the offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

prospectus supplement regulatory

"A final prospectus supplement and accompanying prospectus related to the offering"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

prospectus regulatory

"A final prospectus supplement and accompanying prospectus related to the offering"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. Not financial advice.

CAPE CANAVERAL, Fla., Dec. 29, 2025 /PRNewswire/ -- Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 10,800,000 shares of its Class A common stock. Each share of Class A common stock was sold at an offering price of $1.50 per share for gross proceeds of approximately $16.2 million, before deducting the placement agent's fees and offering expenses. All of the shares of Class A common stock were offered by the Company.

The Company intends to use the net proceeds from the offering for (i) sales and marketing, (ii) operational costs, (iii) product development, (iv) manufacturing expansion and (iv) working capital and general corporate purposes.

ThinkEquity acted as sole placement agent for the offering.

The securities were 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 was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been 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, 41^st 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 an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: sidusspace.com.

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, 2024, 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.

Contacts

Investor Relations
investor-relations@sidusspace.com  

Media
press@sidusspace.com 

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SOURCE Sidus Space, Inc.

FAQ

What did Sidus Space (SIDU) announce on December 29, 2025?

Sidus announced the closing of a best-efforts offering of 10,800,000 Class A shares at $1.50 per share, raising about $16.2 million gross.

How will Sidus Space (SIDU) use the proceeds from the Dec 29, 2025 offering?

The company intends to use net proceeds for sales and marketing, operational costs, product development, manufacturing expansion, and working capital.

Who acted as placement agent for Sidus Space's Dec 29, 2025 offering of SIDU?

ThinkEquity served as the sole placement agent for the offering.

How much did Sidus Space (SIDU) raise in the December 29, 2025 offering?

The offering generated approximately $16.2 million in gross proceeds before fees and expenses.

Under what registration was Sidus Space's offering of SIDU completed?

The securities were offered under an effective Form S-3 shelf registration (File No. 333-273430) with a final prospectus supplement filed with the SEC.