Sidus Space Inc (NASDAQ:SIDU) announced that it intends to sell shares of its Class A common stock and/or pre-funded warrants in lieu of shares in an underwritten public offering.
The Florida-based Space and Data-as-a-Service company said the offering would be subject to market conditions and there was no assurance the offering would be completed or as to its size or terms.
The net proceeds from the offering would be used for working capital and general corporate purposes, it said.