Sidus Space Inc. 8-K

What Happened

• Sidus Space Inc. (SIDU) entered into a Placement Agency Agreement with ThinkEquity LLC on December 22, 2025 to sell 19,230,800 shares of Class A common stock at $1.30 per share under its effective Form S-3 registration statement.
• The offering is a best-efforts registered offering expected to close on December 24, 2025, and the gross proceeds to the company are expected to be approximately $25 million (before placement agent fees and expenses).
• The company announced the launch and pricing of the offering via press releases on December 22, 2025 (filed as exhibits to the 8-K).

Key Details

• Shares offered: 19,230,800 Class A shares at $1.30 per share; gross proceeds ≈ $25.0 million.
• Placement agent: ThinkEquity LLC; cash fee = 7.0% of aggregate purchase price; reimbursement of out-of-pocket expenses (including legal/due diligence) up to $125,000.
• Placement agent warrants: warrants to purchase up to 961,540 shares, exercisable immediately at $1.625 per share, with a five-year term.
• Offering conducted under Form S-3 (File No. 333-273430), registration declared effective Aug 14, 2023.

Why It Matters

• The offering will provide Sidus with fresh capital intended for sales & marketing, operations, product development, manufacturing expansion, and general working capital — potentially extending the company’s runway.
• Investors should note dilution: immediate issuance of 19.23M shares plus up to 961,540 shares if placement agent warrants are exercised, and cash proceeds will be reduced by a 7% placement fee and other offering expenses.
• The transaction is a material financing event that affects share count and capitalization and is relevant for shareholders monitoring liquidity, dilution, and uses of proceeds.