Sidus Space, Inc. Class A (SIDU) has released an update to notify the public and investors about an entry into a material definitive agreement.
Sidus Space, Inc. entered into an agreement with ThinkEquity LLC for a public offering of over 1.18 million shares of its Class A common stock and pre-funded warrants to purchase additional shares. The offering, which closed on February 1, 2024, resulted in approximately $4.8 million in net proceeds for the company, intended for working capital and general corporate purposes. The agreement included terms like lock-up agreements with company insiders and restrictions on the company’s capital stock transactions for 90 days post-offering.
For further insights into SIDU stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
