Sidus Space Announces Pricing of Public Offering

Sidus Space (Nasdaq: SIDU) priced a best-efforts public offering of 19,230,800 shares of Class A common stock at $1.30 per share, with total gross proceeds expected to be approximately $25 million before placement agent fees and offering expenses.

Rhea-AI Summary

Sidus Space (Nasdaq: SIDU) priced a best-efforts public offering of 19,230,800 shares of Class A common stock at $1.30 per share, with total gross proceeds expected to be approximately $25 million before placement agent fees and offering expenses.

The company said all shares are being offered by the company, the offering is expected to close on December 24, 2025 subject to customary conditions, and net proceeds are intended for sales and marketing, operational costs, product development, manufacturing expansion, and working capital. ThinkEquity is sole placement agent and the offering is being made under a Form S-3 shelf registration (File No. 333-273430).

Positive

• $25M gross proceeds expected
• Proceeds earmarked for product development and manufacturing expansion
• Offered under an existing Form S-3 shelf registration

Negative

• 19,230,800 new shares offered (potential dilution)
• Gross proceeds reduced by placement agent fees and offering expenses
• Closing subject to customary conditions; not guaranteed by Dec 24, 2025

Argus Dec 23 session

-27.95% close to close Open Argus

Details

News Market Reaction – SIDU

On Dec 23, the first trading day after this news, SIDU closed 27.95% below the previous close.

Data tracked by StockTitan Argus for the Dec 23 session.

Key Figures

Shares offered: 19,230,800 shares Offering price: $1.30 per share Gross proceeds: $25 million +5 more

Shares offered

19,230,800 shares

Class A common stock in announced public offering

Offering price

$1.30 per share

Public offering price for each Class A share

Gross proceeds

$25 million

Expected total gross proceeds before fees and expenses

Expected closing date

December 24, 2025

Target closing date for the offering, subject to conditions

File number

333-273430

Registration file number referenced for this offering

Filing date

July 26, 2023

Date registration statement was filed with the SEC

Effectiveness date

August 14, 2023

Date registration was declared effective by the SEC

Placement agent

ThinkEquity

Sole placement agent for this offering

Historical Context

5 past events · Latest: Dec 22

5 events

1. Dec 22

   Proposed offering

   24h Move

   +97.4%

   Company signaled intention to conduct a best-efforts equity offering.

2. Dec 22

   Defense contract win

   24h Move

   +97.4%

   Award under Missile Defense Agency’s SHIELD IDIQ with large ceiling.

3. Dec 12

   Governance update

   24h Move

   -14.4%

   CEO appointed to Canaveral Port Authority Board of Commissioners.

4. Dec 10

   Satellite milestone

   24h Move

   +42.0%

   Successful bus-level commissioning of LizzieSat-3 spacecraft.

5. Dec 04

   NASA subcontract

   24h Move

   +5.1%

   Subcontract role on NASA SBIR radar study hosted on LizzieSat.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

best-efforts public offering, class a common stock, public offering price, gross proceeds, +4 more

8 terms

best-efforts public offering financial

"announced the pricing of a 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.

class a common stock financial

"19,230,800 shares of its Class A common stock. Each share of Class A"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

public offering price financial

"being sold at a public offering price of $1.30 per share."

The public offering price is the amount of money a company charges investors to buy its shares during a new stock sale to the public. It determines how much the company raises and how much each share is worth at the start of trading. For investors, it helps gauge the initial value of the stock and whether it might be a good investment opportunity.

gross proceeds financial

"Total gross proceeds are expected to be approximately $25 million"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

placement agent financial

"ThinkEquity is acting 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 preliminary prospectus supplement and accompanying prospectus describing"

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.

accompanying prospectus regulatory

"prospectus supplement and accompanying prospectus describing the terms"

An accompanying prospectus is the detailed brochure that must be provided to potential buyers when a company offers securities for sale, summarizing the offering’s purpose, terms, financial information, risks and how proceeds will be used. It matters to investors because it gives the essential facts and warnings needed to judge an investment—like an instruction manual or ingredient label that helps you compare options and spot red flags before committing money.

registration or qualification regulatory

"prior to registration or qualification under the securities laws"

Registration or qualification is the process of officially confirming that an individual or entity meets certain standards or requirements to participate in a specific activity or industry. It acts like a formal sign-up, ensuring that participants are authorized and capable, which helps protect interests and maintain trust. For investors, it’s important because it indicates that the person or organization has necessary credentials, making their actions or offerings more reliable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CAPE CANAVERAL, Fla., Dec. 22, 2025 /PRNewswire/ -- Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative space and defense technology company, today announced the pricing of a best-efforts public offering of 19,230,800 shares of its Class A common stock. Each share of Class A common stock is being sold at a public offering price of $1.30 per share. Total gross proceeds are expected to be approximately $25 million, before deducting the placement agent's fees and offering expenses. All of the shares of Class A common stock are being 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.

The offering is expected to close on December 24, 2025, subject to customary closing conditions.

ThinkEquity is acting as sole placement agent 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, 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Sidus Space (SIDU) offer and at what price?

Sidus priced 19,230,800 Class A shares at $1.30 per share.

How much gross capital will Sidus Space (SIDU) raise from the offering?

The offering is expected to generate approximately $25 million in gross proceeds before fees and expenses.

When is the Sidus Space (SIDU) offering expected to close?

The company expects the offering to close on December 24, 2025, subject to customary closing conditions.

What will Sidus Space (SIDU) use the net proceeds for?

Net proceeds are intended for sales and marketing, operations, product development, manufacturing expansion, and working capital.

Who is the placement agent for Sidus Space (SIDU)’s offering?

ThinkEquity is acting as the sole placement agent for the offering.

Under what registration is Sidus Space (SIDU) conducting the offering?

The securities are being offered pursuant to a shelf registration on Form S-3 (File No. 333-273430) declared effective August 14, 2023.