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In the early trading session on Monday, the stock price of Sidus Space, a space-as-a-service company specializing in commercial satellite design, manufacture, launch, and data collection, plunged 28%. Prior to this, the company announced a public offering of 9.8 million shares at a price of $1.00 per share to raise $9.8 million. The proceeds will be used for working capital and general corporate purposes.
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