L1 Capital Exits Sidus Space (SIDU) Position as of Dec 31, 2023

Ticker: SIDU · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bearish

Topics: institutional-exit, ownership-change, divestment

TL;DR

**L1 Capital sold all its Sidus Space shares, big institutional exit.**

AI Summary

L1 Capital Global Opportunities Master Fund, Ltd. filed an amended SC 13G/A on February 9, 2024, indicating a significant change in their ownership of Sidus Space Inc. Class A Common Stock. As of December 31, 2023, L1 Capital now reports having 0 sole voting power, 0 shared voting power, 0 sole dispositive power, and 0 shared dispositive power over Sidus Space shares. This means L1 Capital no longer beneficially owns any shares of Sidus Space, which is crucial for current or prospective investors as it signals a complete exit by a previously significant institutional holder.

Why It Matters

This filing shows a major institutional investor, L1 Capital, has completely sold off its stake in Sidus Space, which could signal a lack of confidence in the company's future prospects.

Risk Assessment

Risk Level: medium — The complete divestment by an institutional investor like L1 Capital could put downward pressure on Sidus Space's stock price and indicates a potential loss of institutional support.

Analyst Insight

A smart investor would view this as a bearish signal and might consider reducing or avoiding a position in Sidus Space Inc. until more positive institutional interest or fundamental improvements are observed.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of this SC 13G/A filing?

This SC 13G/A filing is an amendment (Amendment No. 1) to a previous Schedule 13G, indicating a change in the beneficial ownership of Sidus Space Inc. Class A Common Stock by L1 Capital Global Opportunities Master Fund, Ltd. as of December 31, 2023.

Which entity filed this SC 13G/A?

The entity that filed this SC 13G/A is L1 Capital Global Opportunities Master Fund, Ltd., which is organized in the Cayman Islands.

What is the CUSIP number for the securities mentioned in the filing?

The CUSIP number for the Class A Common Stock, $0.0001 per share, of Sidus Space Inc. is 826165102.

What was the date of the event that triggered this filing?

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

What is L1 Capital's current beneficial ownership of Sidus Space Inc. shares, according to this filing?

According to this filing, L1 Capital Global Opportunities Master Fund, Ltd. now has 0 sole voting power, 0 shared voting power, 0 sole dispositive power, and 0 shared dispositive power, indicating they no longer beneficially own any shares of Sidus Space Inc.

From the Filing

0001079973-24-000205.txt : 20240209 0001079973-24-000205.hdr.sgml : 20240209 20240209160319 ACCESSION NUMBER: 0001079973-24-000205 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24614664 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: L1 Capital Global Opportunities Master Fund, Ltd. CENTRAL INDEX KEY: 0001702202 ORGANIZATION NAME: IRS NUMBER: 981241877 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 161A SHEDDEN ROAD ONE ARTILLERY COURT STREET 2: P.O. BOX 10085 CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1001 BUSINESS PHONE: 646-688-5654 MAIL ADDRESS: STREET 1: 161A SHEDDEN ROAD ONE ARTILLERY COURT STREET 2: P.O. BOX 10085 CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1001 SC 13G/A 1 l1cap_13ga.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Amendment No. 1 Under the Securities Exchange Act of 1934 Sidus Space Inc. (Name of Issuer) Class A Common Stock, $0.0001 per share (Title of Class of Securities) 826165102 (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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities and Exchange Act of 1934 (the “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. 826165102 13G/A Page 2 of 5 Pages 1 NAME OF REPORTING PERSONS L1 Capital Global Opportunities Master Fund Ltd. 2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) ☐ (b) ☐ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands 5 SOLE VOTING POWER 0 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING PERSON WITH 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON FI     CUSIP No. 826165102 13G/A Page 3 of 5 Pages Item 1. Security and Issuer. (a) Name of Issuer: Sidus Space, Inc.	 (b) Address of Issuer: 	150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL 32953 	 Item 2. Identity and Background. (a) Name of Person Filing: L1 Capital Global Opportunities Master Fund, Ltd. (b) Address of Principal Business Office or, if none, Residence: 161A Shedden Road, 1 Artillery Court PO Box 10085 Grand Cayman, Cayman Islands KY1-1001 (c) Citizenship or Place of Organization: Cayman Islands (d) Title of Class of Securities: Class A Common Stock, par value $0.0001 per share. (e) CUSIP Number: 826165102 Item 3. Not applicable .     CUSIP No. 826165102 13G/A Page 4 of 5 Pages Item 4. Own

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