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Sidus Space LizzieSat(TM)-2 to Launch Saturday, December 21, 2024, on the Bandwagon-2 Rideshare Mission with SpaceX
8:30 AM ET 12/20/24 | BusinessWire
Sidus Space LizzieSat(TM)-2 to Launch Saturday, December 21, 2024, on the Bandwagon-2 Rideshare Mission with SpaceX
Next-generation satellite to expand Sidus Space's constellation and deliver critical data solutions
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--December 20, 2024--
Liftoff of the Sidus Space (NASDAQ: SIDU) (the "Company" or "Sidus"), an innovative, agile space mission enabler, LizzieSat(TM)-2 is targeted for December 21, 2024 from Vandenberg Space Force Base in California as part of the Bandwagon-2 rideshare mission with SpaceX. Live mission updates will be available on X (formerly Twitter) @SpaceX.
"As LizzieSat(TM)-2 prepares to take flight, we celebrate another significant milestone in our mission to provide innovative and cost-effective space solutions," said Carol Craig, CEO of Sidus Space. "This launch exemplifies the adaptability of our LizzieSat(TM) platform, which seamlessly integrates Sidus sensors alongside customer payloads like the HEO Holmes Imager. We are proud to expand our on-orbit presence, further enabling us to deliver near real-time data and insights to our customers."
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Sidus Space Announces Closing of $14 Million Private Placement
4:05 PM ET 12/19/24 | BusinessWire
Sidus Space Announces Closing of $14 Million Private Placement
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--December 19, 2024--
Sidus Space, Inc. (NASDAQ: SIDU) (the "Company" or "Sidus"), an innovative, agile space mission enabler, today announced the closing of its brokered private placement offering with accredited and institutional investors for the issuance and sale of units consisting of shares of Class A common stock (each a "Common Share") (or pre-funded warrants (each a "Pre-funded Warrant") in lieu thereof) together with warrants (each a "Common Warrant") to purchase one-half of the number of Common Shares (or Pre-funded Warrants) of the Company at a price of $2.07 per unit, for aggregate gross proceeds of approximately $14.1 million, before deducting fees and offering expenses.
As part of the offering, the Company issued a combination of 6,819,892 shares of Class A common stock (or Pre-funded Warrants in lieu thereof), and Common Warrants to purchase 3,409,946 Common Shares. Each Pre-funded Warrant entitles 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 entitles 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 Company intends to use the proceeds from the offering for working capital and general corporate purposes.
ThinkEquity acted as the exclusive placement agent for the Offering.
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“LizzieSat™-2 represents the next evolution of our modular satellite platform, showcasing its adaptability to host both Sidus-developed sensors and customer payloads, such as the HEO Holmes Imager,” said Carol Craig, CEO of Sidus Space. “This milestone highlights our commitment to delivering innovative, flexible and cost-effective solutions that address the diverse and evolving needs of our customers. We are excited to expand our on-orbit presence and delivery of critical, near real-time data services.”