Overview
- Sidus Space priced a best‑efforts public offering of more than 19 million Class A shares at $1.30 each, targeting roughly $25 million in gross proceeds before fees.
- The company said it will use the funds for sales growth, operations, product development, manufacturing expansion, and general corporate purposes, with closing expected around Dec. 24, 2025.
- On Monday, shares surged over 97% before sliding about 39% in Tuesday premarket trading as investors reacted to back‑to‑back catalysts.
- Sidus was named an awardee on the Missile Defense Agency’s SHIELD indefinite‑delivery/indefinite‑quantity vehicle, which carries a total contract ceiling of $151 billion.
- SHIELD supports the Golden Dome initiative introduced in January 2025 and emphasizes AI/ML, digital engineering, open systems architectures, and faster delivery of multi‑domain defenses.