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TechMediaBreaks – Sidus Space Inc. (NASDAQ: SIDU) Announces $7.9M Public Offering

Sidus Space (NASDAQ: SIDU), a multifaceted space and data-as-a-service company, has announced the pricing of an underwritten public offering of 1,321,000 shares of its Class A common stock, which is expected to close on Mar. 5, 2024. The announcement noted that each share of Class A common stock is being sold at a public offering price of $6.00 per share for gross proceeds of approximately $7.9 million before deducting underwriting discounts and offering expenses. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. ThinkEquity is acting as sole book-running manager for the offering.

To view the full press release, visit https://ibn.fm/N3Fji

About Sidus Space

Sidus Space is a multifaceted space and data-as-a-service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The company is located in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated space-as-a-service solutions including end-to-end satellite support. Sidus Space has a mission of Bringing Space Down to Earth(TM) and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. More than just a “Satellite-as-a-Service” provider, Sidus Space’s products and services are offered through its four business units: Space and Defense Hardware Manufacturing, Satellite Manufacturing and Payload Integration, Space-Based Data Solutions, and AI/ML Products and Services to support customers from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

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