other material
confidence high
sentiment negative
materiality 0.70
Sidus Space raises $14M via private placement of shares and warrants
Sidus Space Inc.
- Gross proceeds of ~$14M from sale of 6,799,892 shares/pre-funded warrants and 3,399,946 common warrants at $2.07/unit.
- Common warrants exercisable at $2.25/share for 5.5 years; pre-funded warrants at $0.0001/share.
- Closing on Dec 18, 2024; net proceeds for working capital and general corporate purposes.
- ThinkEquity acted as placement agent; company to file resale registration statement within 10 days.
- Dilutive offering: potential total shares outstanding increase of up to ~10.2M if all warrants exercised.