By Katherine Hamilton
Sidus Space shares sank after the company disclosed plans for a public offering.
The stock fell 32% to $1.56 in after-hours trading Monday. Through the close, shares are down 53% this year.
The Cape Canaveral, Fla., defense company said Monday evening it plans to offer to sell shares of its Class A stock.
ThinkEquity is acting as a sole placement agent for the offering.
Sidus plans to use proceeds for working capital and general corporate purposes.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 22, 2025 17:37 ET (22:37 GMT)
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