Sidus Space Amends S-1 for Continuous Offering

TL;DR

**Sidus Space is prepping to sell more stock, potentially diluting current shares.**

AI Summary

Sidus Space Inc. filed an S-1/A on January 5, 2024, which is an amendment to their initial S-1 registration statement (No. 333-276288). This filing indicates that the company plans a delayed or continuous public offering of securities under Rule 415 of the Securities Act of 1933. This matters to investors because it signals Sidus Space's intent to potentially raise capital by selling more shares, which could dilute existing shareholder value if not managed effectively, but also provide funds for growth initiatives.

Why It Matters

This amendment signals Sidus Space's intention to potentially sell more shares to the public, which could dilute current shareholders but also fund future operations and expansion.

Risk Assessment

Risk Level: medium — The potential for future share dilution from a continuous offering introduces uncertainty for existing shareholders.

Analyst Insight

Investors should monitor future filings for details on the size and terms of any potential offering, as it could impact share price through dilution or by funding strategic growth.

Key Numbers

• 333-276288 — Registration Statement No. (Identifies the specific registration statement being amended by this S-1/A filing.)
• 20240105 — Filed As Of Date (Indicates the exact date this S-1/A amendment was officially filed with the SEC.)
• 4812 — Standard Industrial Classification (SIC) Code (Categorizes Sidus Space Inc. under 'RADIO TELEPHONE COMMUNICATIONS', providing insight into their primary business sector.)
• 175 IMPERIAL BLVD., CAPE CANAVERAL, FL 32920 — Business Address (The physical location of Sidus Space Inc.'s business operations.)
• (321) 613-5620 — Business Phone Number (The primary contact number for Sidus Space Inc.'s business operations.)

Key Players & Entities

• Sidus Space Inc. (company) — the registrant filing the S-1/A
• January 5, 2024 (date) — the filing date of the S-1/A
• 333-276288 (dollar_amount) — the Registration Statement number
• Carol Craig (person) — Chief Executive Officer of Sidus Space, Inc. and agent for service
• Jeffrey J. Fessler, Esq. (person) — legal counsel from Sheppard, Mullin, Richter & Hampton LLP
• Sean F. Reid, Esq. (person) — legal counsel from Sheppard, Mullin, Richter & Hampton LLP
• Rule 415 (other) — Securities Act rule for delayed or continuous offerings

Forward-Looking Statements

• Sidus Space Inc. will proceed with a public offering of securities. (Sidus Space Inc.) — medium confidence, target: Q1 2024
• The offering will be conducted on a delayed or continuous basis. (Sidus Space Inc.) — high confidence, target: Ongoing

FAQ

From the Filing

0001493152-24-001608.txt : 20240105 0001493152-24-001608.hdr.sgml : 20240105 20240105172401 ACCESSION NUMBER: 0001493152-24-001608 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20240105 DATE AS OF CHANGE: 20240105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sidus Space Inc. CENTRAL INDEX KEY: 0001879726 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] ORGANIZATION NAME: 06 Technology IRS NUMBER: 460628183 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-276288 FILM NUMBER: 24517570 BUSINESS ADDRESS: STREET 1: 175 IMPERIAL BLVD. CITY: CAPE CANAVERAL STATE: FL ZIP: 32920 BUSINESS PHONE: 321-613-5620 MAIL ADDRESS: STREET 1: 150 N. SYKES CREEK PKWY, STREET 2: SUITE 200 CITY: MERRITT ISLAND STATE: FL ZIP: 32953 S-1/A 1 forms-1a.htm As filed with the U.S. Securities and Exchange Commission on January 5, 2024 Registration Statement No. 333-276288 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIDUS SPACE, INC. (Exact name of registrant as specified in its charter) Delaware 4812 46-0628183 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 150 N. Sykes Creek Parkway, Suite 200 Merritt Island, FL 32953 (321) 613-5620 (Address and telephone number of registrant’s principal executive offices) Carol Craig Chief Executive Officer Sidus Space, Inc. 150 N. Sykes Creek Parkway, Suite 200 Merritt Island, FL 32953 (321) 450-5633 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: Jeffrey J. Fessler, Esq. Sean F. Reid, Esq. Sheppard, Mullin, Richter & Hampton LLP 30 Rockefeller Plaza New York, NY 10112-0015 Tel: (212) 653-8700 Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☒ If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act. ☐ The registrant hereby amends this registration statement on such date or dates as may be necessary to