Sidus Space Inc. Files 8-K for Definitive Agreement & Equity Sale

Ticker: SIDU · Form: 8-K · Filed: 2024-12-19T00:00:00.000Z

Sentiment: neutral

Topics: definitive-agreement, equity-sale, 8-k

TL;DR

Sidus Space filed an 8-K detailing a new material agreement and equity sale.

AI Summary

Sidus Space Inc. announced on December 17, 2024, the entry into a material definitive agreement and unregistered sales of equity securities. The company, incorporated in Delaware, filed this 8-K report on December 19, 2024, detailing these events.

Why It Matters

This filing indicates significant corporate actions, including a material definitive agreement and the sale of equity, which could impact the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing involves unregistered sales of equity securities, which can sometimes signal dilution or financial pressure.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Sidus Space Inc.?

The filing does not specify the details of the material definitive agreement, only that one was entered into on December 17, 2024.

What type of equity securities were sold in the unregistered sale?

The filing mentions unregistered sales of equity securities but does not specify the type or amount of securities sold.

What is the primary business of Sidus Space Inc.?

Sidus Space Inc. is listed under the Standard Industrial Classification code 4812, which is RADIO TELEPHONE COMMUNICATIONS.

Where are Sidus Space Inc.'s principal executive offices located?

The principal executive offices of Sidus Space Inc. are located at 150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL 32953.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on December 19, 2024.

From the Filing

0001493152-24-050803.txt : 20241219 0001493152-24-050803.hdr.sgml : 20241219 20241219170948 ACCESSION NUMBER: 0001493152-24-050803 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20241217 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241219 DATE AS OF CHANGE: 20241219 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: 241564148 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 2024-12-17 2024-12-17 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): December 17, 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 1.01 Entry into a Material Definitive Agreement   On December 17, 2024, Sidus Space, Inc. (the “Company”) entered into securities purchase agreements (the “Purchase Agreement”) with accredited and institutional investors (“the “Purchasers”) for the issuance and sale in a private placement (the “Private Placemen

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