share_log

Sidus Space | 424B5: Prospectus

SEC announcement ·  Feb 29 16:05
Summary by Moomoo AI
Sidus Space, Inc., a U.S. commercial space company with a manufacturing business, has announced an offering of Class A common stock and Pre-Funded Warrants to purchase Class A common stock. The offering is detailed in a preliminary prospectus supplement dated February 29, 2024, which is subject to completion. The shares and warrants are being offered pursuant to a registration statement filed with the Securities and Exchange Commission, which is not yet effective. The prospectus supplement outlines that the securities may not be sold until the registration statement becomes effective and that the offering is not an offer to sell these securities in any state where the offer or sale is not permitted. The offering includes shares of Class A common...Show More
Sidus Space, Inc., a U.S. commercial space company with a manufacturing business, has announced an offering of Class A common stock and Pre-Funded Warrants to purchase Class A common stock. The offering is detailed in a preliminary prospectus supplement dated February 29, 2024, which is subject to completion. The shares and warrants are being offered pursuant to a registration statement filed with the Securities and Exchange Commission, which is not yet effective. The prospectus supplement outlines that the securities may not be sold until the registration statement becomes effective and that the offering is not an offer to sell these securities in any state where the offer or sale is not permitted. The offering includes shares of Class A common stock at a public offering price per share yet to be determined, and Pre-Funded Warrants with a purchase price equal to the public offering price per share of Class A common stock minus $0.001. The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until fully exercised. The offering aims to provide Sidus Space with additional capital for working capital and general corporate purposes. The Class A common stock is listed on The Nasdaq Capital Market under the symbol 'SIDU.' The last reported sale price of the Class A common stock was $5.57 per share as of February 28, 2024. The company has sold $7,657,115 in securities pursuant to General Instruction I.B.6 of Form S-3 during the prior 12-month calendar period, and is eligible to offer and sell up to an aggregate of $7,928,948 of securities. Sidus Space is an emerging growth company and a smaller reporting company, and as such, has elected to comply with certain reduced public company reporting requirements.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more