Sidus Space Announces $14 Million Private Placement

December 17, 2024

Sidus Space, Inc.has entered into definitive securities purchase agreements dated December 17, 2024 with accredited and institutional investors for the issuance and sale of units consisting of shares of Class A common stock (each a “Common Shares”) (or pre-funded warrants (“Pre-funded Warrants”) to purchase in lieu thereof) together with warrants (each a "Common Warrant") to purchase one-half of the number of shares of Class A common stock (or Pre-funded Warrants) of the Company at a price of $2.07 per unit, on a brokered private placement basis, for aggregate gross proceeds of approximately $14 million, before deducting fees and offering expenses.

The Company will be issuing a combination of 6,799,892 shares of Class A common stock (or Pre-funded Warrants in lieu thereof), and Common Warrants to purchase 3,399,946 shares of Class A common stock. Each Pre-funded Warrant will entitle the holder to acquire one share of Class A common stock at an exercise price of $0.0001 per share, and each Common Warrant will be immediately exercisable and entitle the holder to acquire one share of Class A common stock at an exercise price of $2.25 per share, for a period of five and one-half years following the closing of the Offering. The private placement is expected to close on December 18, 2024, subject to customary closing conditions.

The Company intends to use the proceeds from the offering for working capital and general corporate purposes.

ThinkEquity is acting as the exclusive placement agent for the Offering.

The securities offered and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the shares of Class A common stock and shares underlying the Pre-funded Warrants and Common Warrants to be issued in the private placement. Any resale of the Company’s shares under such resale registration statement will be made only by means of a prospectus.