Summary by Futu AI
Sidus Space, Inc., a U.S. commercial space company with a manufacturing business, has announced a preliminary prospectus supplement for the offering of Class A common stock and pre-funded warrants to purchase Class A common stock. The offering is subject to completion and the registration statement filed with the Securities and Exchange Commission has not yet become effective. The securities may not be sold until the registration statement is effective. This preliminary prospectus supplement is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. The shares of Class A common stock are listed on The Nasdaq Capital Market under the symbol 'SIDU.' The last reported sale price of the Class A common stock was $8.91 per share as of January 26, 2024. The company plans to use the net proceeds from the offering for working capital and general corporate purposes. The date of the prospectus supplement is yet to be determined in 2024.