Sidus space, inc. announces pricing of $4.5 million public offering

Cape canaveral, fla.--( business wire )--sidus space, inc. (nasdaq: sidu) a space-as-a-service satellite company, today announced the pricing of an underwritten public offering of 15,000,000 shares of its class a common stock (or pre-funded warrants (the “pre-funded warrants”)) in lieu thereof. each share of class a common stock is being sold to the public at a price of $0.30 per share. the gross proceeds to the company from this offering are expected to be approximately $4.5 million before deducting underwriting discounts, commissions and other offering expenses, and excluding the exercise of the over-allotment option, if any. in addition, sidus space has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 shares and pre-funded warrants to cover over-allotments, if any. the offering is expected to close on february 2, 2023, subject to customary closing conditions.
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