Sidus Space Inc. 8-K

What Happened
Sidus Space, Inc. (SIDU) entered into a placement agency agreement with ThinkEquity LLC for a best‑efforts registered offering priced April 19, 2026. The Company agreed to sell 11,228,700 shares of Class A common stock at $4.35 per share and pre‑funded warrants to purchase up to 2,225,000 shares at an exercise price of $0.001 (pre‑funded warrants priced at $4.3499 each). The offering is expected to close on April 21, 2026, subject to customary closing conditions, and is being made under the Company’s effective Form S‑3 registration statement (declared effective Feb 4, 2026). Sidus filed a press release on April 19, 2026 announcing the pricing.

Key Details

• Offering size and pricing: 11,228,700 shares at $4.35/share and pre‑funded warrants for up to 2,225,000 shares at $4.3499 each (exercise price $0.001).
• Expected gross proceeds: approximately $58.5 million before placement agent fees and offering expenses.
• Placement agent compensation: cash fee of 6.5% of aggregate purchase price; reimbursement of reasonable out‑of‑pocket expenses (including legal/due‑diligence expenses) subject to an aggregate cap of $125,000.
• Additional consideration: ThinkEquity (or its designees) to receive warrants to purchase up to 672,685 shares exercisable immediately at $5.4375 per share for five years.

Why It Matters
The offering provides Sidus with fresh capital intended for working capital and general corporate purposes, which can support operations and growth initiatives. Investors should note potential dilution: newly issued shares plus pre‑funded warrants (exercisable at $0.001) and placement agent warrants could increase the Company’s share count if exercised. Net proceeds will be reduced by placement agent fees and expenses. The closing is subject to customary conditions, so the transaction is not yet final.