Sidus Space Prices Public Offering Of 1,251,700 Class A Shares At $4.50/Share
Portfolio Pulse from Benzinga Newsdesk
Sidus Space, Inc. (NASDAQ:SIDU) has priced an underwritten public offering of 1,251,700 Class A shares (or Pre-funded Warrants) at $4.50 each, aiming to raise approximately $5.63 million before underwriting discounts and offering expenses. All offered securities are being sold by the Company.
January 30, 2024 | 7:11 am
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Sidus Space announces a public offering of over 1.25 million shares at $4.50 each, which may dilute existing shareholders but provide capital for growth.
Public offerings often lead to short-term price declines due to the dilution of existing shares. However, the capital raised can be used for growth, which might be positive in the long term. The impact score is negative due to the immediate dilutive effect.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100