Three small-cap stocks set to join the Russell 2000 could see increased demand as index funds rebalance portfolios later this month
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Fugazi Research said many listed space companies generate little revenue, rely heavily on stock offerings to fund operations, and remain years away from proving the commercial viability of their business models.
Sidus Space (NASDAQ:SIDU) shares dropped 21% on Thursday after the aerospace and defense technology company announced plans for a $100 million registered direct offering of Class A common stock. The company priced the offering at $5.