Sidus Space closes $7.9M public offering of 1.32M shares at $6.00/share

Sidus Space Inc.

1,321,000 shares at $6.00 each; gross proceeds $7.9M, net ~$7M for working capital and general corporate purposes.
Underwriting agreement with ThinkEquity LLC; Representative Warrants for 66,050 shares at $7.50 exercisable after 180 days.
CFO Bill White entered 180-day lock-up; company restricted from issuing securities for 90 days post-offering.
Offering closed March 5, 2024; proceeds to support working capital and corporate purposes.

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 valued at $7 million (effective 2024-02-29).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Value: $7 million
Effective: 2024-02-29

Exact text from the filing

On February 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 (the “Offering”) of 1,321,000 shares (the “Shares”) of the Company’s Class A common stock, par value $0.0001 per share (“Common Stock”) at a price to the public of $6.00 per Share.

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Sidus Space Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-008885

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