Sidus Space closes underwritten public offering raising $4.8M net proceeds

Sidus Space Inc.

Offering of 1,181,800 shares of Class A common stock plus 69,900 pre-funded warrants at $4.50/share.
Gross proceeds $5.63M; net ~$4.8M after underwriting discounts and expenses.
Net proceeds to be used for working capital and general corporate purposes.
Underwriter ThinkEquity; 180-day lock-up for directors and officers.
Representative's warrants to purchase up to 62,585 shares at $5.625.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sidus Space Inc. entered into Underwriting Agreement with ThinkEquity LLC (effective 2024-01-29).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Effective: 2024-01-29

Exact text from the filing

On January 29, 2024, Sidus Space, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity LLC (the “Representative”), as the representative of the underwriters named therein (the “Underwriters”), relating to a firm commitment underwritten public offering

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1 material agreements filed in the last 30 days. Browse all material agreements →

Sidus Space Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-004616

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