Sidus Space LizzieSat 2 set for launch on SpaceX Bandwagon 2 mission

"As LizzieSat-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 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."

The LizzieSat-2, developed and manufactured at Sidus Space's Florida facility, integrates advanced sensors, including AIS, methane detection capabilities, advanced visual spectrum sensors, and the HEO Holmes Imager. At the heart of the satellite is Sidus' proprietary FeatherEdge AI processor, which supports on-orbit data processing for a range of applications, including Space Situational Awareness (SSA), maritime monitoring, environmental assessment, non-Earth imaging, and disaster response. This mission not only features proprietary and customer payloads but also expands Sidus Space's data-as-a-service subscriber base.

The upcoming launch underscores Sidus Space's focus on innovation and scalable solutions tailored to meet the diverse requirements of government, defense, intelligence, and commercial sectors.

In related news, Sidus Space announced the closing of a $14.1 million private placement offering. The funding includes the issuance of Class A common stock and warrants. The company sold 6,819,892 shares of Class A common stock (or pre-funded warrants) and issued warrants to purchase an additional 3,409,946 shares. Proceeds from the offering will be used for working capital and corporate purposes.

ThinkEquity acted as the exclusive placement agent for the offering.