Sidus Space Announces Closing of Public Offering

Group 1 - Sidus Space, Inc. has successfully closed a public offering of 19,230,800 shares of its Class A common stock at a price of $1.30 per share, generating approximately $25 million in gross proceeds [1][2] - The net proceeds from the offering will be allocated towards sales and marketing, operational costs, product development, manufacturing expansion, and general corporate purposes [2] - ThinkEquity acted as the sole placement agent for this offering [2] Group 2 - The securities were offered under a shelf registration statement on Form S-3, which was filed with the SEC on July 26, 2023, and declared effective on August 14, 2023 [3] - A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and are available on the SEC's website [3] Group 3 - Sidus Space is an innovative space and defense technology company that provides flexible and cost-effective solutions, including satellite manufacturing, AI-driven data solutions, and space hardware manufacturing [5] - The company operates a 35,000-square-foot facility for manufacturing, assembly, integration, and testing, strategically located on Florida's Space Coast [5]