Sidus Space announced the pricing of an underwritten public offering of 15,000,000 shares of its Class A common stock or 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. Boustead Securities, LLC and EF Hutton, division of Benchmark Investments, LLC are acting as the representatives of the underwriters for the offering.
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