Sidus Space Announces Pricing of Public Offering
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Sidus Space, Inc. has announced the pricing of an underwritten public offering of 5.6 million shares of its Class A common stock at $1.25 per share.
November 13, 2024 | 2:30 am
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Sidus Space has priced its public offering of 5.6 million shares at $1.25 each, which may lead to short-term stock price fluctuations due to increased supply.
The announcement of a public offering typically increases the supply of shares, which can lead to a decrease in stock price in the short term. The offering price of $1.25 per share sets a benchmark for the market, potentially influencing investor perception and trading activity.
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