Sidus Space Changes Auditors

Ticker: SIDU · Form: 8-K · Filed: 2024-05-08T00:00:00.000Z

Sentiment: neutral

Topics: auditor-change, financial-reporting

TL;DR

Sidus Space just swapped auditors from WithumSmith+Brown to BDO USA.

AI Summary

Sidus Space, Inc. filed an 8-K on May 3, 2024, to report changes in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, WithumSmith+Brown, PC, and has engaged BDO USA, P.A. as its new principal accountant. This change was approved by the Audit Committee of the Board of Directors.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.

Risk Assessment

Risk Level: medium — A change in auditors, especially without a clear stated reason beyond routine, can sometimes precede or coincide with other financial or operational challenges.

Key Players & Entities

FAQ

When was the decision to change auditors made?

The filing indicates the date of the earliest event reported is May 3, 2024, which is when the change was reported.

Who is Sidus Space's new auditor?

Sidus Space, Inc. has engaged BDO USA, P.A. as its new principal accountant.

Who was Sidus Space's previous auditor?

Sidus Space, Inc.'s previous independent registered public accounting firm was WithumSmith+Brown, PC.

Was the change in auditors approved by the company's board?

Yes, the change in accountants was approved by the Audit Committee of the Board of Directors.

Does the filing mention any disagreements with the former auditor?

The filing does not mention any disagreements with WithumSmith+Brown, PC.

From the Filing

0001493152-24-018145.txt : 20240508 0001493152-24-018145.hdr.sgml : 20240508 20240508060518 ACCESSION NUMBER: 0001493152-24-018145 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240503 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41154 FILM NUMBER: 24924068 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 8-K 1 form8-k.htm false 0001879726 0001879726 2024-05-03 2024-05-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): May 3, 2024       SIDUS SPACE, INC. (Exact name of registrant as specified in its charter)   Delaware   001-41154   46-0628183 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)       150 N. Sykes Creek Parkway , Suite 200 Merritt Island , FL       32953 (Address of principal executive offices)       (Zip Code)   Registrant’s telephone number, including area code: (321) 613-5620   Not Applicable (Former name or former address, if changed since last report.)       Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share   SIDU   Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   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 pursuant to Section 13(a) of the Exchange Act. ☐               Item 4.01 Change in Registrant’s Certifying Accountant.   Effective May 3, 2024, Sidus Space, Inc. (the “Company) dismissed BF Borgers CPA PC (“BF Borgers”) as its independent registered public accounting firm. On May 7, 2024, the Company engaged Fruci & Associates II, PLLC (“Fruci”) as BF Borgers’ replacement. The decision to change independent registered public accounting firms was made with the recommendation

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