Sidus Space Announces Closing of Public Offering

Rhea-AI Summary

Sidus Space (Nasdaq: SIDU) announced the closing of a best-efforts public offering on Dec 24, 2025. The company sold 19,230,800 shares of Class A common stock at $1.30 per share for gross proceeds of approximately $25 million, before placement agent fees and offering expenses.

The company said all shares were offered by Sidus and that net proceeds will be used for sales and marketing, operational costs, product development, manufacturing expansion, and working capital and general corporate purposes. ThinkEquity acted as sole placement agent.

Positive

• Gross proceeds of approximately $25 million
• Issued 19,230,800 Class A common shares
• Net proceeds designated for product development and manufacturing expansion

Negative

• Issuance of 19,230,800 shares is dilutive to existing shareholders
• Placement agent fees and offering expenses will reduce net proceeds

Key Figures

Shares Offered 19,230,800 shares Class A common stock in Dec 24, 2025 public offering

Offering Price $1.30 per share Public offering of Class A common stock

Gross Proceeds $25 million Before placement agent fees and offering expenses

Market Reality Check

$2.20 Last Close

Volume Volume 82,854,705 vs 20-day average 27,558,696, about 3.01x typical activity ahead of this offering close. high

Technical Price $1.65 is trading above the 200-day MA at $1.34, despite being 75.56% below the 52-week high.

Peers on Argus 1 Up

Sector peers showed mixed moves: CVU up 5.16%, while PRZO, XTIA, SIF and KITT were down between 1.3% and 7.69%. Momentum scanner flagged MNTS up 15.70% without news, suggesting SIDU’s activity is more company-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 22	Offering pricing	Neutral	+97.4%	Priced 19,230,800-share best-efforts offering at $1.30 for ~$25M gross.
Dec 22	Offering proposal	Neutral	+97.4%	Announced intention to conduct best-efforts public offering via ThinkEquity.
Dec 22	Defense contract	Positive	+97.4%	Named awardee under MDA SHIELD IDIQ with $151B total program ceiling.
Dec 12	Governance/board	Neutral	-14.4%	CEO appointed to Canaveral Port Authority Board of Commissioners.
Dec 10	Satellite milestone	Positive	+42.0%	Announced successful commissioning of AI-enhanced LizzieSat-3 spacecraft.

Pattern Detected

Recent SIDU news often coincided with large positive moves around offerings and contract/AI milestones, while governance headlines saw weaker or negative reactions.

Recent Company History

In the last months, Sidus Space reported several equity financings and operational milestones. In September 2025, it proposed, priced, and closed a best‑efforts offering of 9.8M shares at $1.00, raising about $9.8M. On Dec 22, 2025, it announced and priced a larger best‑efforts offering of 19,230,800 shares at $1.30 for roughly $25M. That same day it disclosed a contract under the Missile Defense Agency’s SHIELD IDIQ ($151B ceiling). Earlier, it highlighted AI‑enhanced LizzieSat‑3 commissioning and a CEO board appointment. Today’s closing of the Dec 24 offering follows through on that previously priced raise.

Market Pulse Summary

This announcement confirms the closing of Sidus Space’s latest best‑efforts public offering of 19,230,800 Class A shares at $1.30, for roughly $25M in gross proceeds. The company flagged uses including sales and marketing, operations, product development, manufacturing expansion, and working capital. In the context of prior 2025 raises and recent contract and satellite milestones, investors may track how efficiently this new capital supports execution and future updates.

Key Terms

best-efforts public offering financial

"closing of its previously announced best-efforts public offering of 19,230,800 shares"

A best-efforts public offering is when an investment bank or broker agrees to act as a salesperson for a company’s new stock or bond sale but does not promise to buy any unsold shares. Think of it like a consignment sale: the seller provides the goods and the agent tries to find buyers, and the final amount raised depends on demand. For investors this signals that market interest and pricing are uncertain and the company may raise less capital than planned.

shelf registration statement regulatory

"The securities were offered and sold pursuant to a shelf registration statement on Form S-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"shelf registration statement on Form S-3 (File No. 333-273430)"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"A final prospectus supplement and accompanying prospectus related to the offering have been filed"

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.

AI-generated analysis. Not financial advice.

CAPE CANAVERAL, Fla., Dec. 24, 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 public offering of 19,230,800 shares of its Class A common stock. Each share of Class A common stock was sold at a public offering price of $1.30 per share for gross proceeds of approximately $25 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 (v) 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/sidus-space-announces-closing-of-public-offering-302649343.html

SOURCE Sidus Space, Inc.

FAQ

What did Sidus Space (SIDU) announce on December 24, 2025?

Sidus announced closing a public offering of 19,230,800 Class A shares at $1.30 per share for gross proceeds of about $25 million.

How much did Sidus Space (SIDU) raise in the December 24, 2025 offering?

The offering generated approximately $25 million in gross proceeds before fees and expenses.

How will Sidus Space (SIDU) use the net proceeds from the offering?

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

Who acted as placement agent for Sidus Space's (SIDU) December 2025 offering?

ThinkEquity acted as sole placement agent for the offering.

How many new shares did Sidus Space (SIDU) issue in the offering?

Sidus issued 19,230,800 shares of Class A common stock.

Will the offering dilute existing Sidus Space (SIDU) shareholders?

Yes. The issuance of 19,230,800 new Class A shares will be dilutive to existing shareholders.