Sidus Space (SIDU) said Wednesday it has closed its public offering of 19.2 million Class A common shares, sold at $1.30 apiece for gross proceeds of $25 million.
The company said it intends to use net proceeds from the offering for sales and marketing, operational costs, product development, and other expenses.
Shares of the company were up nearly 36% in recent Friday premarket activity.
Price: 2.99, Change: +0.79, Percent Change: +35.91
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments