Shares of Sidus Space Inc (NASDAQ:SIDU) fell 25% on Monday after the space and defense technology firm announced the pricing of a public offering of 9.8 million Class A common shares at $1.00 per share.
The Cape Canaveral, Florida-based company expects the offering to generate approximately $9.8 million in gross proceeds, before deducting fees for the placement agent and other expenses. Sidus plans to use the net proceeds to support working capital needs and general corporate purposes.
ThinkEquity is acting as the sole placement agent for the best-efforts offering, which is scheduled to close on September 16, 2025, pending standard closing conditions.
The sharp drop in Sidus Space’s stock reflects investor concerns over the dilutive impact of the new share issuance. The offering price of $1.00 per share represents a significant discount to the company’s recent trading levels, prompting the selloff.
Sidus Space positions itself as a provider of innovative, flexible, and cost-efficient solutions for government, defense, intelligence, and commercial clients worldwide. Operating in the highly competitive space technology sector, the company frequently undertakes capital-raising initiatives to fund operations and support growth.
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