Sidus Space completes $58.5 million stock offering

Sidus Space Inc. (NASDAQ: SIDU) completed its stock offering of 13,453,700 shares of Class A common stock and pre-funded warrants at $4.35 per share, generating gross proceeds of approximately $58.5 million before deducting placement agent fees and offering expenses, according to a company statement.

The Cape Canaveral, Florida-based space and defense technology company plans to use the net proceeds for working capital and general corporate purposes. ThinkEquity served as the sole placement agent for the offering.

The securities were sold under a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on January 20, 2026, and became effective on February 4, 2026. The offering was conducted through a written prospectus, with a final prospectus supplement and accompanying prospectus filed with the SEC.

Sidus Space operates a 35,000-square-foot manufacturing facility on Florida's Space Coast and provides satellite manufacturing, space-based data solutions, mission planning services, and space hardware manufacturing. The company has manufactured and operates its own satellite system called LizzieSat.

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