Sidus Space Inc. 8-K

What Happened

• Sidus Space Inc. announced on December 26, 2025 that it entered a Placement Agency Agreement with ThinkEquity LLC to sell 10,800,000 shares of its Class A common stock in a registered direct offering at $1.50 per share. The offering is expected to close on December 29, 2025, subject to customary conditions, and is being made under the company’s effective Form S-3 registration statement (declared effective August 14, 2023).

Key Details

• Gross proceeds expected: approximately $16.2 million before fees and expenses.
• Placement agent compensation: 7.0% cash fee of aggregate purchase price plus reimbursement of out-of-pocket expenses (legal/due diligence expenses capped at $125,000).
• Placement agent warrants: ThinkEquity will receive warrants to purchase up to 540,000 shares, exercisable immediately at $1.875 per share for five years.
• Use of proceeds: sales & marketing, operations, product development, manufacturing expansion, and general corporate/working capital purposes.

Why It Matters

• The offering will provide Sidus Space with fresh capital that management intends to deploy for growth activities (sales, product development, manufacturing) and to support ongoing operations. For existing shareholders, the issuance will dilute ownership but may strengthen the company’s cash position to pursue execution of its business plan. The placement agent warrants and fees are additional costs associated with the capital raise.