Sidus Space Inc. (NASDAQ: SIDU) announced the completion of its stock offering, raising approximately $100 million in gross proceeds before fees and expenses.

The space and defense technology company sold 19,685,039 shares of Class A common stock and pre-funded warrants at $5.08 per share. The offering was conducted on a best-efforts basis with ThinkEquity serving as the sole placement agent.

The company stated it plans to use the net proceeds for working capital and general corporate purposes. The securities were offered under a shelf registration statement filed with the Securities and Exchange Commission in January 2026 and declared effective in February 2026.

Sidus Space operates from Florida's Space Coast, where it maintains a 35,000-square-foot manufacturing facility for satellite and space technology production. The company provides satellite manufacturing, AI-driven space data solutions, and mission management services to government, defense, and commercial clients.