secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001493152-24-050803
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sidus Space raises $14M via private placement of shares and warrants
--------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224050803/0001493152-24-050803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224050803/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer