Sidus Space (SIDU) announced that it has entered into definitive securities purchase agreements with accredited and institutional investors for the issuance and sale of units consisting of shares of Class A common stock together with warrants to purchase one-half of the number of shares of Class A common stock of the company at a price of $2.07 per unit, on a brokered private placement basis, for aggregate gross proceeds of approximately $14M, before deducting fees and offering expenses. The company will be issuing a combination of 6,799,892 shares of Class A common stock and common warrants to purchase 3,399,946 shares of Class A common stock. Each Pre-funded warrant will entitle the holder to acquire one share of Class A common stock at an exercise price of $0.0001 per share, and each common warrant will be immediately exercisable and entitle the holder to acquire one share of Class A common stock at an exercise price of $2.25 per share, for a period of five and one-half years following the closing of the offering. The private placement is expected to close on December 18, subject to customary closing conditions.
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