Top Financing News

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• Sidus Space (NASDAQ: SIDU) announces the closing of its $7 million public offering, the company intends to use the net proceeds from the offering for working capital and general corporate purposes.

• Ehang Holdings Limited (NASDAQ: EH) announces over $22 million PIPE investment from strategic investors including Enpower to advance its urban air mobility technology.

• DMG Blockchain Solutions (TSX-V:DGMI) announces pricing and terms of overnight marketed offering for up to CAD$15 million to support the purchase of six one-megawatt hydro mining containers.

Sidus Space the closing of its $7 million public offering, the Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The company describes itself as a space mission enabler providing flexible, cost-effective solutions including custom satellite design, payload hosting, mission management, space manufacturing and AI enhanced space-based sensor data-as-a-service. With demonstrated space heritage including manufacturing and operating its own satellite and sensor system, LizzieSat™, Sidus Space serves government, defense, intelligence and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration and testing facility and provides easy access to nearby launch facilities.

EHang recently announced a $22 million PIPE investment from strategic investors including Enpower, this strategic investment brings the company’s total year-to-date financing to nearly $100 million, enhancing the Company’s financial position as it embarks on its next phase of development and growth in the global UAM industry. EHang is the world’s leading urban air mobility (“UAM”) technology platform company. The company’s mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions.

DMG Blockchain announced its pricing and terms of an overnight marketed offering for up to CAD$15 million to support the purchase of six one-megawatt hydro mining containers. The company is a sustainable, vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. The company’s operations are driven by two strategic pillars: Core and Core+, both unified by DMG’s commitment to vertical integration and environmentally responsible practices. DMG is the parent company of Systemic Trust Corporation, which is focused on the custody of digital assets.

Weekly Money Moves

Lead Investors

• Ehang: $22,000,000 | Aerospace | Lead Investor: Zhuhai Enpower Electric

• Boohoo Group: $50,099,626 | Beauty | Lead Investor: Frasers Group

• Circio: $2,273,446 | Biotechnology | Lead Investor: Atlas Special Opportunities

• QT Imaging: $2,560,000 | Health Care | Lead Investor: Raluca Dinu

• Americas Gold & Silver: $2,869,564 | Mining | Lead Investor: Culico Metals

• Thruvision Group: $1,756,161 | Software | Lead Investor: Pentland Ventures

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]