Ionic Ventures Amends Sidus Space (SIDU) Stake as of Dec 31, 2023

Ticker: SIDU · Form: SC 13G/A · Filed: 2024-02-07T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, space-industry

TL;DR

**Ionic Ventures updated its Sidus Space (SIDU) ownership, signaling continued investor interest.**

AI Summary

Ionic Ventures, LLC, a California-based investment firm, has updated its ownership stake in Sidus Space Inc. (NASDAQ: SIDU) as of December 31, 2023. This amendment to their Schedule 13G filing indicates a change in their beneficial ownership of Sidus Space's Class A Common Stock. While the specific number of shares or percentage owned isn't detailed in the provided snippet, this filing signals that Ionic Ventures continues to be a significant holder, which can influence company decisions and stock performance.

Why It Matters

This filing shows that a major investor, Ionic Ventures, is still involved with Sidus Space, which can be a sign of confidence or a precursor to future strategic moves, impacting the stock's stability and potential growth.

Risk Assessment

Risk Level: low — This is an amendment to a standard ownership disclosure, indicating routine updates rather than immediate, high-impact events.

Analyst Insight

Investors should note Ionic Ventures' continued presence as a significant shareholder in Sidus Space. While this filing doesn't reveal specific changes in share count, it confirms ongoing institutional interest. Monitor future 13F filings or subsequent 13G/A amendments for changes in their actual holdings, which could signal a shift in their conviction.

Key Numbers

826165201 — CUSIP Number (Identifies Sidus Space Inc. Class A Common Stock)
$0.0001 — par value per share (The nominal value of Sidus Space Inc. Class A Common Stock)
20240207 — Filing Date (The date this SC 13G/A amendment was filed with the SEC)
20231231 — Date of Event (The date as of which the ownership information in the filing is accurate)

Key Players & Entities

Ionic Ventures, LLC (company) — reporting person and beneficial owner of Sidus Space Inc. Class A Common Stock
Sidus Space Inc. (company) — the issuer of the Class A Common Stock being reported on
Brendan O'Neil (person) — group member associated with the filing
Ionic Management, LLC (company) — group member associated with the filing
Keith Coulston (person) — group member associated with the filing
06 Technology (company) — organization name associated with the subject company data

Forward-Looking Statements

Ionic Ventures will maintain a significant stake in Sidus Space Inc. throughout 2024. (Ionic Ventures, LLC) — medium confidence, target: 2024-12-31

FAQ

What type of stock does Ionic Ventures, LLC beneficially own in Sidus Space Inc.?

Ionic Ventures, LLC beneficially owns Class A Common Stock, par value $0.0001 per share, of Sidus Space Inc., as stated in the filing under 'Title of Class of Securities'.

When was the event that required this SC 13G/A filing?

The date of the event which required the filing of this statement was December 31, 2023, as indicated in the filing.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(c), as marked by the checked box in the filing.

What is the CUSIP number for Sidus Space Inc.'s Class A Common Stock?

The CUSIP number for Sidus Space Inc.'s Class A Common Stock is 826165201, as listed on the cover page of the filing.

Where is Ionic Ventures, LLC incorporated?

Ionic Ventures, LLC is incorporated in California, United States, as stated under 'CITIZENSHIP OR PLACE OF ORGANIZATION' on the cover page.

From the Filing

0001753926-24-000236.txt : 20240207 0001753926-24-000236.hdr.sgml : 20240207 20240207064559 ACCESSION NUMBER: 0001753926-24-000236 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240207 DATE AS OF CHANGE: 20240207 GROUP MEMBERS: BRENDAN O'NEIL GROUP MEMBERS: IONIC MANAGEMENT, LLC GROUP MEMBERS: KEITH COULSTON SUBJECT COMPANY: 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: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93909 FILM NUMBER: 24602060 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ionic Ventures, LLC CENTRAL INDEX KEY: 0001769419 ORGANIZATION NAME: IRS NUMBER: 660889836 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3053 FILLMORE ST. STREET 2: SUITE 256 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 BUSINESS PHONE: 415-999-2132 MAIL ADDRESS: STREET 1: 3053 FILLMORE ST. STREET 2: SUITE 256 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 SC 13G/A 1 g084002_13ga.htm SC 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* Sidus Space Inc. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 826165201 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☐ Rule 13d-1(b) ☒ Rule 13d-1(c) ☐ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 826165201 13G/A Page 2 of 10 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Ionic Ventures, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☒ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION California, United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 222,200 (1) 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 222,200 (1) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 222,200 (1) 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.3% (1) 12. TYPE OF REPORTING PERSON (see instructions) OO (1) As more fully described in Item 4, this percentage is based on 2,690,444 outstanding shares of the issuer’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), as verified by the reporting persons with the issuer as of February 1, 2024. The number of shares of Common Stock beneficially owned by the reporting persons disclosed in this Amendment No. 1 to Statement on Schedule 13G (this “ Amendment ”) reflects the one-for-100 reverse stock split of the Common Stock, effective December 19, 2023 (the “ Reverse Split ”). CUSIP No. 8261652