BUZZ-Sidus Space plunges after $100 million direct stock deal

Sidus Space

Sidus Space

SIDU

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** Sidus Space's SIDU.O shares plunge as much as 21.6%, last down 16.2% at $5.10

** Space and defense technology late Wednesday announced pricing of $100 million registered direct offering

** SIDU sold ~19.7 million shares at $5.08 apiece, a 16.6% discount to stock's last close

** ThinkEquity acted as sole placement agent for offering

** SIDU plans to use proceeds for working capital and general purposes

** Cape Canaveral, Florida-based SIDU had 80.9 million outstanding shares as of May 14

** As of last close, SIDU stock up 93.8% YTD


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